Arthur Hayes Liquidates All HYPE and NEAR, Some Participants View This as a Typical 'Buy High, Warn, and Dump' Strategy
Arthur Hayes has announced the liquidation of all his holdings in HYPE and NEAR tokens, warning that the crypto market may peak between now and September, primarily due to rising energy prices and the impending IPOs of several large AI companies.
Hayes believes that increasing energy costs will pressure high-energy AI infrastructure, while AI IPOs will attract significant capital out of the crypto market, creating a double top signal.
Following his liquidation announcement, the prices of HYPE and NEAR have seen a notable decline. Some market participants view this as a typical 'buy high, warn, and dump' strategy, questioning Hayes' motives and credibility.
Source: Public Information
ABAB AI Insight
Arthur Hayes, as the former founder of BitMEX, has long influenced the market with his high-profile Twitter style. He has previously guided capital flows during crypto bull and bear transitions through public statements, having made several precise or controversial calls between 2024-2025. This liquidation of HYPE and NEAR continues his habitual pattern of 'warning after taking profits.'
In terms of capital flow, Hayes achieves quick profits by heavily investing to push prices up, then publicly warning and liquidating, causing funds to shift from overvalued AI narrative-related tokens like HYPE and NEAR to other assets. This exemplifies how large traders use personal influence to create liquidity and emotional volatility.
This event resembles past cycles of KOLs/large traders engaging in 'pump and dump' strategies. The crypto market is currently experiencing a retreat from the AI narrative and intensified capital rotation, putting projects like HYPE and NEAR under significant short-term pressure.
Essentially, this represents a shift in pricing power: market pricing is returning from the narrative of a single influential figure on Twitter to broader macro factors (energy prices, AI IPO capital diversion), as the actions of large traders liquidating and warning accelerate the emotional reversal, causing capital to move from easily manipulable hot tokens to assets with stronger fundamentals.
ABAB News · Cognitive Law
When a big influencer liquidates and calls a top, it is often not a warning but a natural result after completing their exit. Twitter influence is both a weapon and a monetization tool; truly credible signals never accompany a personal exit. Rising energy prices and AI IPOs are the hard variables, while KOL stories are merely emotional catalysts; the market ultimately obeys macro factors, not anyone's script.