HYPE Price Falls 10% as Arthur Hayes Exits Position, Citing Market Top Risks

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Hyperliquid’s HYPE token came under pressure after Arthur Hayes revealed he had sold his HYPE and NEAR positions amid broader market weakness. Despite the pullback, HYPE remains above key long-term moving averages, with traders closely monitoring whether support near $60 can hold during the ongoing correction.

What to Know

  • HYPE dropped 9.52% to $67.41 after Arthur Hayes sold his HYPE and NEAR holdings.
  • Hayes cited macro risks but still expects markets to peak before September.
  • Despite the pullback, HYPE remains above key support levels.
HYPE Price

The decline in HYPE price also comes after Arthur Hayes disclosed that he had sold his HYPE and NEAR holdings, amid a broader crypto market retracement that has seen BTC, ETH, and other strong-performing altcoins post substantial losses. At press time, HYPE is trading at $67.41, with a decrease of 9.52% over the past 24 hours.

Arthur Hayes Takes Profit on HYPE

On X, the co-founder of the cryptocurrency exchange BitMEX stated that he sold both his HYPE and NEAR tokens and would be providing a detailed rationale in a soon-to-be-published essay called “Reality Test.“

He cited several reasons for his selling, primarily related to macroeconomic forces, such as rising energy prices driven by geopolitical tensions; the upcoming IPO of companies related to Artificial Intelligence (AI); as well as anticipated changes in U.S. Government policy regarding cryptocurrency.

Although he has sold his holdings, he indicated that he still believed that the market could reach its peak again between now and September.

Also Read: Bitwise Buys $20M HYPE, Bringing Weekly Total to $41.8M

What does the HYPE Price Chart tell us?

The HYPE daily chart on TradingView shows an initial strong rally, and significant profit-taking occurred at the $75 area. The token fell to approximately $67 after Hayes’ comments and a weakness in the overall market.

Nevertheless, the HYPE price is still above the 50-day and 200-day moving averages, indicating that there is still a long-term uptrend present. In addition, the RSI has pulled back from overbought territory and indicates that the momentum from weeks of gains is starting to slow.

What does the HYPE Price Chart tell us?
Source: TradingView

Also Read: HYPE Price Targets $80 as Grayscale Launches Hyperliquid Staking ETF

What will happen to HYPE next?

The most recent correction has affected market sentiment; however, HYPE is one of the best-performing tokens so far in the crypto space this year.

Now, the market is watching to determine if the HYPE can hold support above $60 while waiting for additional news from Hayes regarding his upcoming market outlook.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Grayscale’s Hyperliquid ETF Nears Launch With 0.29% Fee

Athulyamol VS

Athulyamol VS

Athulyamol V S is a Market News Reporter at Tronweekly’s editorial team, covering cryptocurrency markets and digital asset price movements for an international cryptocurrency news platform. She focuses on Bitcoin, altcoins, and DeFi markets shaping the broader crypto ecosystem.

Her reporting is based on real-time market activity, price analysis, and major industry developments, and follows established editorial guidelines and fact-checking processes. Athulyamol holds a postgraduate degree in Communication.

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