On June 4, BitMEX co-founder Arthur Hayes announced he had sold his entire HYPE and NEAR positions. The size of the trade isn't the story. The timing is.
Days earlier, Hayes had challenged Multicoin Capital's Kyle Samani, a longtime Solana backer, to a $100,000 charity bet that HYPE would outperform any current top-10 crypto through year-end. He was sitting on a public $150 HYPE target for August. Then he folded the whole hand.
