NEAR Protocol's price dropped nearly 17% following Arthur Hayes' announcement that he liquidated his entire NEAR and Hyperliquid (HYPE) holdings. Hayes cited rising energy costs linked to the Iran conflict, upcoming AI company IPOs before Q3, and potential anti-AI policies from former President Trump as reasons for his exit. Blockchain data confirmed Hayes sold 247,334 HYPE tokens worth about $18 million, though the exact amount of NEAR sold is unknown. The selloff led to a 21% drop in NEAR futures open interest, signaling traders are closing positions. NEAR's critical support level is now $2.00–$2.01, with a possible rebound if this holds, but a break below could push prices toward $1.73 or lower.
Arthur Hayes, co-founder of BitMEX, views the upcoming SpaceX IPO and other AI-related IPOs as bearish for the crypto market, prompting him to sell his entire holdings in altcoins like Hyperliquid (HYPE) and Near Protocol (NEAR) to take profits. Desp...
Siren (SIREN) surged 29.65% to $0.7415 following recent platform upgrades that improved its efficiency, signaling rising interest in decentralized finance. Meanwhile, LAB experienced a sharp decline of 36.95% to $10.89 due to a significant sell-off i...
Hyperliquid's HYPE token fell from record highs after BitMEX co-founder Arthur Hayes sold his entire position, citing concerns over rising oil prices, AI IPOs, and broader market risks. Despite the drop, HYPE remains up 167% year-to-date and is still...
Arthur Hayes, co-founder of BitMEX, has sold his entire holdings in Hyperliquid (HYPE) and Near (NEAR) due to concerns over rising energy costs, geopolitical risks, and anticipated competition from large AI IPOs. He expects the market to peak between...
Arthur Hayes sold his entire holdings in HYPE and NEAR tokens during a broader crypto market sell-off, transferring 247,334 HYPE tokens worth about $18 million to exchanges like OKX and Bybit. Despite HYPE and NEAR showing weekly gains, Hayes realloc...
