Arthur Hayes Offloads HYPE and NEAR, Eyes WLD Before IPO

TLDR

• Arthur Hayes sold all HYPE and NEAR holdings during a broader crypto market sell-off.
• He transferred 247,334 HYPE tokens worth about $18.02 million to multiple exchanges.
• The move included platforms such as OKX, Bybit, and Flowdesk based on on-chain data.
• Hayes shifted focus to Worldcoin ahead of the expected SpaceX IPO.
• He stated he will hold WLD through the IPO listing next week.

Market activity shifted as Arthur Hayes rebalanced his crypto holdings during a broader sell-off. He liquidated positions in HYPE and NEAR while reallocating capital into Worldcoin. The move came as Bitcoin dropped and macro pressures influenced trading sentiment.

Arthur Hayes Reshapes Portfolio and Exits HYPE

Hayes transferred 247,334 HYPE tokens valued at nearly $18.02 million to multiple exchanges on June 4. These transfers included platforms such as OKX, Bybit, and Flowdesk, based on Arkham Intelligence data.

The transactions indicated a full exit from his HYPE exposure during a volatile market phase. He executed the move while Bitcoin led a wider downturn across major digital assets.

HYPE posted a weekly gain of nearly 17% despite the liquidation activity from Hayes. The token traded around $66.51 as technical indicators suggested a possible double-top formation.

This chart pattern often signals a reversal after sustained upward movement in price action. Traders observed that HYPE could face pressure if resistance levels remain intact.

NEAR Position Closed as Capital Rotates

Hayes also sold his entire position in NEAR Protocol during the same portfolio adjustment. The token recorded a weekly increase of 2.32% and traded near $2.44.

Despite the price stability, Hayes chose to reduce exposure to assets outside the AI narrative. His actions aligned with a broader shift toward sectors linked to artificial intelligence.

The sell-off occurred as geopolitical risks increased due to tensions involving Iran and energy markets. Rising energy costs influenced market liquidity and risk appetite across asset classes.

Hayes pointed to inventory restocking cycles as another factor affecting macro conditions. These pressures contributed to his decision to rotate capital away from NEAR and HYPE.

Worldcoin Gains Focus Ahead of SpaceX IPO

Hayes redirected funds into Worldcoin as anticipation grew around the upcoming SpaceX IPO. The offering aims to raise $75 billion at a projected $1.75 trillion valuation.

He stated, “The SpaceX IPO is going to melt people’s faces off. Holding the $WLD through the listing next week.” The comment confirmed his short-term conviction in WLD.

Worldcoin posted a 62% gain over the past seven days and traded near $0.479. The token formed higher highs and higher lows, signaling upward momentum in recent sessions.

Hayes also referenced upcoming artificial intelligence IPOs expected before early third quarter. He linked these listings to increased interest in AI-related digital assets.

He warned that political developments could influence the trajectory of AI markets in the coming months. His statements framed WLD as a strategic position tied to this evolving narrative.

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