‘Time to take profit’ – Arthur Hayes dumps HYPE, NEAR before SpaceX IPO
Arthur Hayes, co-founder of BitMEX exchange and crypto-focused Maelstrom Fund, has joined the list of analysts viewing the upcoming SpaceX IPO as a bearish catalyst for the crypto market. According to him, the upcoming IPOs (SpaceX, Athropic, and OpenAI) have forced him to rebalance his altcoin portfolio. He dumped his entire Hyperliquid [$HYPE] and Near protocol [$NEAR], noting that it was “time to take profit.” Source: X However, for the SpaceX IPO scheduled for next week, Hayes billed it as positive to Worldcoin [$WLD]. The SpaceX IPO is going to melt peoples faces off. Holding the $WLD through the listing next week. Perhaps, he was bullish on Worldcoin because of the protocols focus on human identification in the era of AI and AI agents. The altcoin surged 12% in the past 24 hours. But it is worth pointing out that Hayes comments are sometimes cues to take a contrarian trade. Some of his bullish posts in the past were immediately followed by a massive sell-off by his fund. For example, he made a bullish ‘$HYPE to $100’ call earlier in the week, only to report that he exited his entire holdings three days later. In fact, thats why most watchers sometimes view his bullish posts as a way