Hyperliquid pulls back from record highs as Arthur Hayes exits position shy of $150 price target

MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailHyperliquid pulls back from record highs as Arthur Hayes exits position shy of $150 price targetThe crypto veteran blamed macro risks and AI mania for taking profits, drawing backlash from traders for selling well below his recent bullish forecasts.By Krisztian Sandor|Edited by Stephen Alpher Jun 4, 2026, 3:52 p.m. 3 min readMake preferred on What to know: Hyperliquid's HYPE token pulled back from record highs after BitMEX cofounder Arthur Hayes, one of its most prominent supporters, sold his position.Hayes said rising oil prices, AI IPOs and market risks prompted him to take profits, causing backlash across crypto circles after his recent bullish calls for much higher prices.HYPE remains one of the best-performing crypto with a 167% year-to-date gain, but 10xResearch's Markus Thielen called the rally overheated in the short-term.Hyperliquid's HYPE token, one of crypto's best-performing assets this year, tumbled following its record run as longtime bull Arthur Hayes revealed he had sold his entire position just days after predicting much higher prices."I just dumped my entire HYPE and NEAR position," Hayes, co-founder of BitMEX and chief investment officer at family office Maelstrom, wrote on X.The selloff pulled HYPE back to $67 from record highs near $75, though the token remains up more than 70% since mid-May.Hayes said the decision reflected growing caution about broader markets rather than a change in his view of Hyperliquid. He pointed to rising energy prices tied to the Iran conflict, several high-profile AI IPOs expected in the coming months and his belief that financial markets could peak between now and September."Time to take profit," he wrote."The abrupt exit caused backlash in crypto circles because Hayes had been among Hyperliquid's most vocal supporters. Just days earlier, he reiterated a $150 price target for HYPE and, in a March essay, laid out a roadmap for how the toke…

Hyperliquid pulls back from record highs as Arthur Hayes exits position shy of $150 price target

Coins in this story

Related stories

Here's what SpaceX's IPO means for its $1.3 billion bitcoin reserve

Stablecoins Were Meant to Disrupt Finance. Instead, They Became Idle Cash.

Bitcoin rises above $64,000 after Pakistan prime minister says Iran peace deal is near