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ZachXBT Criticizes Arthur Hayes for Selling After Publicly Promoting Crypto Assets

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NEAR
$1.9125-3.71%
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HYPE
$58.205-3.38%
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ZEC
$383.674-0.61%
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WLD
$0.4534-9.44%
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On June 6 (UTC+8), chain analyst ZachXBT accused Arthur Hayes of promoting NEAR, HYPE, and ZEC before selling them, then quickly exiting WLD following another recommendation. ZachXBT questioned the liquidity available for followers to exit after Hayes’ trades. Hayes responded that he was simply trading normally and happened to be correct. ZachXBT pointed out the inconsistent nature of Hayes’ technical analysis for crypto price movements, particularly with WLD. The debate underscores how public figures can manipulate support and resistance levels.

ME News reports that on June 6 (UTC+8), on-chain detective ZachXBT tweeted criticism against Arthur Hayes for repeatedly publicly recommending NEAR, HYPE, and ZEC before quickly selling off the associated assets, and now for rapidly liquidating his position after recommending WLD. “How much liquidity has your fanbase lost because of this over the past few days?” In response, Arthur Hayes claimed he was simply engaging in normal trading, noting that prices could rise or fall, and added, “This time, I happened to be right.” ZachXBT further pointed out that Hayes’s behavior—publicly endorsing WLD multiple times before swiftly dumping it—is difficult to understand. (Source: Foresight News)

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