Arthur Hayes, co-founder of BitMEX, has once again attracted attention following a significant cryptocurrency transaction in which he sold $22.28 million worth of altcoins. This sale has ignited discussions regarding his previous trades, especially as many of the altcoins sold have since seen considerable price increases.<\/p>\n
Recent data indicates that all four altcoins Hayes liquidated in June are now priced higher than at the time of his sale. Among the most striking movements is that of Hyperliquid (HYPE)<\/strong>, which has surged 24%, jumping from approximately $65.20 to $81. Meanwhile, NEAR Protocol (NEAR)<\/strong> has soared 120%, climbing from $2.23 to $4.91. The most notable increase was for Zcash (ZEC)<\/strong>, which Hayes reportedly sold at around $390, only to find it reaching $1,220 afterwards\u2014a staggering rise of over 200%. Worldcoin (WLD)<\/strong> also gained approximately 40%, increasing from $0.41 to $0.58.<\/p>\n Hayes had previously touted Hyperliquid as a top contender, projecting a price target of $150 by August. Notably, just days after making these bullish claims, he announced plans to sell his position. On June 4, Hyperliquid revealed that it would be closing its entire position only three days after Hayes’s declarations.<\/p>\n In a similar pattern, Hayes had dubbed HYPE, ZEC, and NEAR the “holy trinity” of cryptocurrencies but quickly divested from all three by June 5. The decision to sell ZEC was influenced by a security concern regarding Zcash\u2019s Orchard privacy pool, which led to a sharp drop in its price, prompting him to cite technical risks as his rationale for selling.<\/p>\n Further complicating matters, Hayes sold his Worldcoin holdings just a day after asserting that he would retain them during SpaceX\u2019s IPO process. This timing led some observers, such as on-chain researcher ZachXBT, to criticize him for leveraging his followers as “exit liquidity,” contrasting his public bullish sentiment with his rapid sell-offs.<\/p>\n Adding another layer to the situation, it has been reported that a wallet associated with Hayes repurchased $2 million in HYPE at approximately $59, shortly before its price climbed to $97.96 in September. This transaction has reignited debates about his market timing and strategies.<\/p>\n On October 24, Hayes disclosed that Maelstrom, the investment firm he leads, had closed all positions in its trading portfolio. The recent transactions primarily involved Ethereum (ETH), Ethereum Name Service (ENA), and Uniswap (UNI), which collectively constituted the bulk of the $22.28 million in sales. Hayes expressed a cautious outlook on the market, suggesting that it might face further declines before stabilizing due to ongoing macroeconomic and geopolitical uncertainties.<\/p>\n As ETH and ENA prices linger near recent sell-off levels, it remains uncertain whether Hayes’s exit strategy is timed appropriately this time around.<\/p>\n Disclaimer:<\/strong> This article does not constitute investment advice.<\/p>\n","protected":false},"excerpt":{"rendered":" Arthur Hayes, co-founder of BitMEX, has once again attracted attention following a significant cryptocurrency transaction in which he sold $22.28 million worth of altcoins. This sale has ignited discussions regarding his previous trades, especially as many of the altcoins sold have since seen considerable price increases. Recent data indicates that all four altcoins Hayes liquidated […]<\/p>\n","protected":false},"author":14,"featured_media":60715,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Arthur Hayes Sells Three Altcoins Amid Surprising Record Resurfacing - Bitrabo","description":"Arthur Hayes, co-founder of BitMEX, has once again attracted attention following a significant cryptocurrency transaction in which he sold $22.28 million worth"},"_slim_seo_primary_term_category":0,"_slim_seo_primary_term_post_tag":0,"footnotes":""},"categories":[316],"tags":[508,4683,10110,4684,19431,1350,15710,3198,1948],"class_list":["post-60714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-altcoins","tag-arthur","tag-crazy","tag-hayes","tag-previously","tag-records","tag-resurface","tag-sells","tag-sold"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=60714"}],"version-history":[{"count":1,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60714\/revisions"}],"predecessor-version":[{"id":60716,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/60714\/revisions\/60716"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/60715"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=60714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=60714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=60714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/span>Shifting Predictions and Controversial Sales<\/span><\/h2>\n
<\/span>Recent Trading Moves and Market Predictions<\/span><\/h2>\n