Arthur Hayes Sells HYPE and NEAR After Recent Bullish Calls
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The BitMEX co-founder said on X he dumped all HYPE and NEAR tokens and will publish an essay titled Reality Test explaining the decision. He cited macro and sector risks — higher energy prices from the war in Iran, companies rebuilding inventories, upcoming AI IPOs, and the risk President Trump could turn against the AI sector before the midterms — flagging short-term crypto token market, DeFi and adoption risks.
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The BitMEX co-founder said on X that he had dumped all of his HYPE and NEAR, adding that he would be posting an essay explaining his decision, titled “Reality Test.”
He pointed to a few different reasons for becoming more cautious with his positions. These included higher energy prices due to the war in Iran, companies rebuilding their inventories, upcoming AI IPOs, and the possibility that President Donald Trump could turn against the AI sector before the midterm elections.
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