Arthur Hayes dumps HYPE, NEAR as he warns of AI IPO wave
Arthur Hayes said he sold his Hyperliquid (HYPE) and Near Protocol (NEAR) holdings, reversing earlier highly bullish calls on both tokens. He said rising energy prices from the Middle East conflict, expected “mega AI IPOs” by Q3 2026, and a possible shift by Donald Trump toward an “anti-AI” stance were reasons to take profits, adding that market highs may come between now and September. Onchain data showed he sold about 247,334 HYPE for roughly $18 million and also sold NEAR. The move came soon after he publicly bet that HYPE would outperform every top-10 cryptocurrency by the end of 2026. Afterward, HYPE and NEAR dropped sharply over 24 hours. The broader context is concern that upcoming IPOs from OpenAI, Anthropic, and SpaceX could absorb liquidity from crypto markets.
