HYPE and NEAR Drop Over 5% After Arthur Hayes Announces Full Liquidation

KuCoinFlash

Release Time: 06/04/2026 07:42:55

Summary

HYPE and NEAR both declined over 5% following Arthur Hayes’ announcement of full liquidation. HYPE fell 5.21% to $68.82, while NEAR dropped 6.01% to $2.42. Hayes hinted at market factors in his upcoming article, "Reality Check," including energy prices, AI IPOs, and political risks. He also advised taking profits ahead of a potential market peak. Altcoins to watch may face downward pressure as the Fear & Greed Index shifts toward caution.

BlockBeats news, June 4: Following Arthur Hayes' announcement at noon today that he had liquidated his positions in HYPE and NEAR, both tokens experienced a sharp short-term decline.

HYPE fell 5.21% and is now trading at $68.82;

NEAR is down 6.01%, currently trading at $2.42.

Arthur Hayes will explain the reasons for the liquidation in next Tuesday’s article, "Reality Check." Simply put:

The war in Iran and inventory restocking have led to rising energy prices.

From now until early Q3, three major AI projects will go public.

· Predict that Trump will shift against AI to help the Republican Party win the midterm elections

· Believes the market peak will occur between now and September

It's time to take profits.

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