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Arthur Hayes, co-founder of BitMEX and one of Hyperliquid's most vocal public supporters, has sold his entire positions in HYPE and NEAR Protocol.

Hayes announced the exit on X on June 4, citing three macro headwinds he said altered his near-term risk calculus.

"I just dumped my entire $HYPE and $NEAR position, I will explain why in my essay 'Reality Test' dropping next Tuesday," Hayes wrote on X.