Crypto X

Arthur

Elon Musk

Despite outlining bullish predictions for several popular altcoins in the past few months, such as WLD, ZEC, HYPE, and NEAR, Arthur Hayes has publicly declared that he has sold almost all of his positions long before his targets were reached.
This has caused a significant backlash from the cryptocurrency community, as some believe his hype is only to drag people into those assets before he dumps them at higher prices.
<h2 id="hayes-continues-selling-this-time-wld">Hayes Continues Selling, This Time WLD</h2>
It was just several days ago that Hayes said he would be holding WLD for at least the first week of SpaceX’s IPO, as both have Elon Musk as a key person. He predicted that the IPO would “melt people’s faces off.”
Hours ago, though, he changed his tune after showing the chart of SpaceX’s stock getting wrecked on Friday during the market-wide calamity. He argued that the newly listed shares are heading in the wrong direction, which is why he decided to dump his WLD stash.
Popular on-chain sleuth ZachXBT was among the first to call out Hayes on his controversial moves, asking how much “exit liquidity was created” from his followers over the past few days. He also brought up other major sales from Hayes.
As <a href="https://cryptopotato.com/arthur-hayes-dumps-entire-zcash-zec-position-after-major-flaw-emerges/" rel="noopener noreferrer nofollow">reported</a> yesterday, the BitMEX co-founder disposed of his ZEC stash after developers revealed a Zcash code vulnerability that was already fixed at the time of his sale. Previously, he had also <a href="https://cryptopotato.com/arthur-hayes-sells-hype-and-near-after-recent-bullish-calls/" rel="noopener noreferrer nofollow">dumped</a> HYPE and NEAR holdings after making some quite optimistic price predictions.
<blockquote class="twitter-tweet">
 How much exit liquidity was created from your followers over the past couple days?
 First NEAR HYPE ZEC Now WLD <a href="https://t.co/vyDXwCHRwO" rel="noopener noreferrer nofollow">pic.twitter.com/vyDXwCHRwO</a>
 — ZachXBT (@zachxbt) <a href="https://x.com/zachxbt/status/2063119034925895988?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 6, 2026</a>
</blockquote>
<h2 id="community-lashes-out">Community Lashes Out</h2>
The analysts at Lookonchain also flagged his exits, especially since they arrived close to the assets’ price tops. Interestingly, all of them plunged in the hours after he disclosed his exodus and have returned to essentially the same levels where they were before his big price predictions.
<blockquote class="twitter-tweet">
 Arthur Hayes(<a href="https://x.com/CryptoHayes?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoHayes</a>) called <a href="https://x.com/search?q=%24ZEC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ZEC</a>, <a href="https://x.com/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$NEAR</a>, and <a href="https://x.com/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WLD</a>.
 He sold near the top, then disclosed his exit and turned bearish.<a href="https://x.com/search?q=%24ZEC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ZEC</a>, <a href="https://x.com/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$NEAR</a>, and <a href="https://x.com/search?q=%24WLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$WLD</a> are now back to where they were before his calls. <a href="https://t.co/IlvCqTHe3r" rel="noopener noreferrer nofollow">pic.twitter.com/IlvCqTHe3r</a>
 — Lookonchain (@lookonchain) <a href="https://x.com/lookonchain/status/2063116680738607279?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 6, 2026</a>
</blockquote>
Some of the comments below the posts on X were quite brutal, <a href="https://x.com/PlasticSucksOG/status/2063152330552615110" rel="noopener noreferrer nofollow">calling</a> it a “douchebag” move for shilling an altcoin just hours before dumping it. Others <a href="https://x.com/kekenden/status/2063133668927811873" rel="noopener noreferrer nofollow">noted</a> that if any traders followed his moves, they were “small scammers” that were “scammed” by the “big scammer.”
The post <a href="https://cryptopotato.com/shilling-before-dumping-why-crypto-x-is-furious-with-arthur-hayes-after-his-latest-sale/" rel="noopener noreferrer nofollow">Shilling Before Dumping? Why Crypto X Is Furious With Arthur Hayes After His Latest Sale</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Shilling Before Dumping? Why Crypto X Is Furious With Arthur Hayes After His Latest Sale

Table of Contents

CryptoPotato_News

Other articles published on Jun 6, 2026

Join our free newsletter for daily crypto updates!