Arthur Hayes Dumped HYPE and NEAR: Shill, Pump, Dump, Repeat

Arthur Hayes has performed it once more. Simply now, the BitMEX co-founder and Maelstrom CIO revealed he had bought his complete HYPE and NEAR positions. Why? Rising vitality costs tied to tensions in Iran, looming AI IPOs that might drain market liquidity, and a perception that markets could peak someday between now and September. His resolution is to take earnings and rotate into Bitcoin.

Truthful sufficient, however the issue is that simply 4 days earlier, Hayes was singing a distinct music. Simply days in the past, he posted “Meow — $HYPE to $150” alongside a cat meme whereas persevering with to advertise what he known as his “holy trinity” of altcoins: HYPE, ZEC, and NEAR. He even made a $100,000 charity guess with Kyle Samani that Hyperliquid would outperform each top-10 cryptocurrency by year-end.

Then got here the exit. There’s nothing mistaken with taking earnings. The problem is that this sample has change into acquainted.

Again in September 2025, Hayes was additionally aggressively bullish on Hyperliquid, floating a possible 126x rally and repeatedly speaking up the token earlier than later promoting tens of millions of {dollars} price. On the time, he famously admitted a number of the proceeds went towards shopping for a Ferrari.

Finally, he purchased again in, renewed his bullish outlook, and resumed selling the commerce. Quick ahead to 2026, and it’s the identical script over again, recent worth targets, recent conviction, recent narratives, after which one other exit.

Uncover: One of the best crypto to diversify your portfolio with

Arthur Hayes vs. the Group

The neighborhood is on level. Arthur Hayes would purchase a token that’s already transferring, promote more and more aggressive targets, then promote into the ensuing momentum. Others questioned how somebody may spend days discussing a $150 goal solely to liquidate a complete place virtually instantly afterward.

Some Hyperliquid supporters defended Hayes’ proper to commerce nevertheless he needs. They’re right. He’s beneath no obligation to carry without end, and no person is compelled to repeat his trades.

Nonetheless, Hayes isn’t simply one other crypto influencer. He’s one of many business’s most recognizable figures, a pioneer of crypto derivatives, and somebody whose market commentary nonetheless carries weight. When he repeatedly builds bullish narratives round a token after which exits shortly afterward, persons are naturally going to query him.

The frustration isn’t actually about simply this one commerce. It’s changing into a sample we’ve seen earlier than throughout ETH, PEPE, ENA, HYPE, and different positions. Hayes’ wallets are public, so everybody can peek at them. However transparency alone doesn’t eradicate criticism when the identical sh*t retains repeating.

Hayes is predicted to publish an extended essay explaining the choice, and maybe his macro considerations will show right. Markets can change shortly, and prudent threat administration is a part of the sport.

In all honesty, crypto doesn’t lack for bullish narratives. What it lacks is accountability when these narratives all of the sudden disappear the second earnings are on the desk.

Discover: The best pre-launch token sales

The submit Arthur Hayes Dumped HYPE and NEAR: Shill, Pump, Dump, Repeat appeared first on Cryptonews.