Arthur Hayes dumps HYPE and NEAR as he sold his entire HYPE and NEAR positions, including a September 21, 2025 sale of his entire HYPE holding for $5.1 million. Hayes intends to rotate into Bitcoin and outlined reasons including rising energy prices tied to tensions in Iran, looming AI IPOs, and a belief markets may peak between now and September.
The moves began in 2025, repeated in 2026 with fresh price targets and exits, and are noteworthy because Hayes is a recognizable figure in crypto derivatives whose market commentary carries weight.
Arthur Hayes sold his entire HYPE and NEAR positions and publicly cited specific macro and market-structure reasons for those exits. He cited rising energy prices linked to tensions in Iran as a factor behind his decision. He cited anticipation of three mega AI IPOs between now and early Q3 as another factor, and he expressed a belief that markets may peak between now and September. Hayes said he would explain the decision further in an essay titled ‘Reality Test’ that is scheduled to drop next Tuesday.
He framed these points as the basis for his exits in public commentary. A fuller, written explanation will appear in the promised ‘Reality Test’ essay.
Arthur Hayes repeatedly promoted HYPE and NEAR, posting messages such as ‘Meow — $HYPE to $150’ while promoting the ‘holy trinity’ of HYPE, ZEC, and NEAR and placing a $100,000 charity bet with Kyle Samani. On September 21, 2025, Hayes sold his entire $HYPE position for $5.1 million and joked that the gains would cover his Ferrari deposit. He later bought back into HYPE, renewed his bullish outlook, and resumed promoting the trade. In 2026 the pattern repeated with fresh price targets and subsequent exits.
Hayes’ wallets are public, but that transparency has not eliminated criticism of repeating trading patterns. The article records community critique, including the line ‘Bull post then sell like a scammy KOL.’ Observers note these cycles of promotion, selling, and re-entry across 2025 and 2026. Hayes is a recognizable figure in crypto derivatives. His market commentary carries weight.
Arthur Hayes sold his entire HYPE and NEAR positions, citing rising energy prices tied to tensions in Iran, the prospect of three major AI IPOs between now and early Q3, and a view that markets may peak between now and September. Hayes is a recognizable figure in crypto derivatives whose public wallets and market commentary attract attention, and observers note that prudent risk management is important because markets can change rapidly.
