ZachXBT accuses Arthur Hayes of dumping on followers

On-chain analyst ZachXBT alleged on X that BitMEX founder Arthur Hayes has a pattern of setting high price targets for specific cryptocurrencies before liquidating his positions and dumping his holdings on his followers. ZachXBT claimed this has happened multiple times, stating, "I wonder how much exit liquidity was provided by his followers over the past few days as he dumped NEAR, HYPE, ZEC, and yesterday, WLD." Hayes had previously disclosed selling NEAR, HYPE, and ZEC last week, and WLD yesterday. In response to the allegation, Hayes countered that he simply sold his holdings to those willing to buy at the offered price. He argued that if the price had continued to rise, he would have been seen as foolish, and that he was merely selling in line with his trading objectives.