Finbold 2026-06-04 12:34:27

Arthur Hayes dumps HYPE and Near, turns to this crypto ahead of SpaceX IPO

Arthur Hayes, co-founder and CIO of the BitMEX exchange, has dumped all his Hyperliquid ( HYPE ) and NEAR Protocol ( NEAR ) holdings and shifted his focus to Worldcoin ( WLD ) ahead of the much-anticipated initial public offering (IPO) of Space Exploration Technologies Corporation (SpaceX). As Bitcoin (BTC) led the broader cryptocurrency market into a sell-off, Hayes announced he had sold his entire HYPE and NEAR holdings. On June 4, he deposited 247,334 HYPE, worth around $18.02 million, across multiple crypto exchanges, including OKX, Bybit, and Flowdesk, according to on-chain data from Arkham Intelligence, as analyzed by Finbold. On-chain transfers by Hayes. Source: Arkham Intelligence Meanwhile, Hayes has turned to WLD ahead of the SpaceX IPO , which is expected to raise $75 billion at a $1.75 trillion valuation. “The SpaceX IPO is going to melt people’s faces off. Holding the $WLD through the listing next week,” Hayes noted . The reason for the portfolio shift was risk from the war in Iran and inventory restocking, which are pushing energy prices higher. Additionally, Hayes argued that three mega artificial intelligence IPOs are lined up before the early third quarter. As such, he highlighted that if Trump goes anti-AI to win the midterms, the market could hit new highs between now and September 2026. Why is Hayes bullish on WLD? Hayes could have shifted his position from NEAR and HYPE to WLD, potentially driven by ongoing capital rotation toward AI-focused crypto projects. Over the past seven days, NEAR price has gained 2.32%, trading around $2.44 at press time. NEAR/USD 7-day chart. Source: Finbold During the same period, HYPE price climbed nearly 17%, trading at about $66.51 on Thursday. From a technical analysis standpoint, HYPE price could be forming a potential reversal pattern, characterized by a double top. HYPE/USD 7-day chart. Source: Finbold Meanwhile, the WLD price has rallied by over 62% in the last 7 days, trading at $0.479 at the time of publication. The altcoin has been forming higher highs and lows, thereby signaling a stronger bullish momentum. WLD/USD 7-day chart. Source: Finbold As such, Hayes could be eyeing to ride the WLD bull market amid the ongoing AI boom. The post Arthur Hayes dumps HYPE and Near, turns to this crypto ahead of SpaceX IPO appeared first on Finbold .

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