Arthur Hayes Exits Hyperliquid HYPE and NEAR Ahead of Altcoin Season
Arthur Hayes sold his entire HYPE and NEAR positions on June 6 2026, including an $18M Hyperliquid stake. The sales triggered immediate drops of 5.
Summary
- Arthur Hayes sold his entire HYPE and NEAR positions on June 6 2026, including an $18M Hyperliquid stake.
- The sales triggered immediate drops of 5.8% in HYPE and 19.5% in NEAR.
- The exits signal potential peaks in DeFi perps markets ahead of any sustained altcoin season.
Arthur Hayes sold everything. He cleared his Hyperliquid HYPE and NEAR holdings on June 6 2026. The BitMEX co founder shared the news on X.
That move wiped out an 18 million dollar HYPE position.
The sales hit just before his essay Reality Test. They also matched rising doubts about market tops. AI IPOs and derivative shifts drove those doubts.
Market Context
Hyperliquid HYPE touched record levels near 75 dollars. Hayes sold near the top. The token held more than 70 percent gains from mid May despite the drop.
DeFi perps platforms added volume this year. Traders wanted options outside centralized exchanges. Hayes now tests whether that momentum lasts into altcoin season.
"BitMEX co-founder Arthur Hayes said he has sold all of his HYPE and NEAR holdings and will explain the move in his upcoming essay Reality Test."
, WuBlockchain (X)
Position Exit Details
Hayes sold every token on June 6 2026. CoinMarketCap data shows the HYPE sale alone pushed prices from roughly 75 dollars to 67.
NEAR fell harder that same day. It lost 19.5 percent. Hayes said his essay will explain why.
Immediate Price Reactions
HYPE dropped 5.8 percent right after the disclosure. CoinDesk reported the move. The token still trades well above mid May levels despite a 10 percent correction from peaks.
Traders tracked derivative flows closely. Hyperliquid ranks among top DeFi perps venues. Selling pressure stayed light in the hours after.
Price Predictions and Forward Outlook
Models differ on where Hyperliquid HYPE goes next. CoinCodex projects a drop to 47.52 dollars by early June 2026 under some scenarios. Kraken sees 57 dollars if growth holds near 5 percent.
Both sit below current prices. They show macro uncertainty at play.
Hayes will likely tackle AI listings in his Reality Test essay. Liquidity trends may cap altcoin gains. Traders now watch for more large exits.
