BitMEX Co-Founder Arthur Hayes Dumps HYPE and NEAR, Expects Market Peak Before September

BitMEX co-founder Arthur Hayes has confirmed that he has fully exited his holdings in HYPE and NEAR. He said he will explain the decision in greater detail in an upcoming essay titled “Reality Test,” expected next week.

Explaining the timing of the move, Hayes pointed to a combination of macroeconomic and geopolitical factors, including rising energy costs tied to the conflict involving Iran and increased demand pressures from inventory restocking.

In addition, he highlighted upcoming major AI IPOs scheduled for this summer through early Q3, suggesting they could influence broader market conditions. He also mentioned the possibility that Donald Trump could take a more critical position on artificial intelligence during the U.S. midterm election period.

Bringing these elements together, Hayes said he sees a potential market peak forming sometime between now and September, which ultimately led him to lock in profits.

Source: Arthur Hayes