I just dumped my entire $HYPE<\/a> and $NEAR<\/a> position, I will explain why in my essay \u201cReality Test\u201d dropping next Tuesday.<\/p>\n TLDR: \u2014 Arthur Hayes (@CryptoHayes) June 4, 2026<\/a><\/p>\n<\/blockquote>\n Hayes\u2019 post came during a rough day for HYPE\u2019s price. The cryptocurrency is trading at slightly above $65 at the time of this writing, down around 10% in the past 24 hours.<\/p>\n However, it\u2019s worth noting that HYPE remains up about 16% for the week, making it the best performer among the top 10 cryptocurrencies by total market cap. In fact, it\u2019s the only one charting an increase on the weekly chart.<\/p>\n The timing of his sale drew attention because he had recently been very positive on HYPE, suggesting that it could reach $150. That led traders to question whether he had changed his mind rather quickly or was just taking profits after a strong move. In any case, it\u2019s far from the first time he does it.<\/p>\n While Hayes has been \u201cdumping,\u201d others have been buying. Hyperliquid Strategies just announced that they have bought another 1.4 million HYPE, worth roughly $95 million, over the past 7 days. Their cash position fell by $15.5 million.<\/p>\n The firm now holds about 23.7 million HYPE and about $141.7M in cash.<\/p>\n This also means that at current HYPE prices, their stock trades at 1.29x net asset value (NAV), which allows them to issue more ATM shares, sell them, and buy more HYPE.<\/p>\n A poszt Arthur Hayes Sells HYPE and NEAR After Recent Bullish Calls<\/a> jelent meg el\u0151sz\u00f6r a CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The BitMEX co-founder said on X that he had dumped all of his HYPE and NEAR, adding that he would be posting an essay explaining his decision, titled \u201cReality Test.\u201d He pointed to a few different reasons for becoming more cautious with his positions. These included higher energy prices due to the war in Iran, […]<\/p>\n","protected":false},"author":1,"featured_media":46006,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n
\n\u2013 Higher energy prices due to Iran war and inventory restocking
\n\u2013 3 Mega AI IPOs between now and early Q3
\n\u2013 Prediction that Trump goes anti-AI to win\u2026<\/p>\nHYPE Price Tanks<\/h2>\n
![\"HYPEUSDT_2026-06-04_13-50-04\"](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/06\/HYPEUSDT_2026-06-04_13-50-04-scaled.png\")
<\/a>Others are Buying<\/h2>\n