BitMEX co-founder Arthur Hayes sells entire HYPE, NEAR position

BitMEX co-founder Arthur Hayes announced that he has just sold all of his Hyperliquid (HYPE) and Near Protocol (NEAR) holdings. He stated that he will explain his reasoning in an essay to be released next Tuesday. Hayes briefly cited several factors for his decision, including rising energy prices from a potential resumption of war in Iran, large-scale AI company IPOs through early Q3, and a prediction that U.S. President Donald Trump will adopt a hostile stance toward AI to secure a Republican election victory. He also noted his expectation that the market will peak between now and September and that it was time to realize profits. On May 30, Hayes had predicted that HYPE would rise to $150. He also previously forecasted a rise for NEAR, describing it as a fundamentals-driven cryptocurrency.