Arthur Hayes Bet $100,000 HYPE Beats Bitcoin, Solana, XRP: Why Did He Sell It All Three Days Later?
Arthur Hayes sold his entire Hyperliquid and NEAR (CRYPTO: NEAR) positions on Thursday, just three days after placing a $100,000 charitable bet that HYPE would outperform every top 10 crypto by year-end.
Hayes Cites AI IPOs, Iran War, and Trump Midterm Pivot
Hayes outlined his reasoning on X, pointing to four macro factors that changed his near-term view.
Higher energy prices from the Iran war and inventory restocking, three major AI IPOs expected between now and early Q3, a prediction that Trump turns anti-AI to win the midterms, and a belief that market highs arrive between now and September all contributed to the exit.
“Time to take profit, and two-step in beefa without worrying about my positions,” Hayes posted.
He transferred approximately $18 million in HYPE to market maker Flowdesk according to on-chain data.
When asked whether he would keep his Hyperliquid-themed profile picture, Hayes …
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