Crypto Influencer Accused of Using Followers as Exit Liquidity

Crypto influencer Arthur Hayes has been accused of using his followers as exit liquidity after selling several tokens he had previously promoted. According to blockchain investigator ZachXBT, Hayes sold positions in NEAR, HYPE, ZEC, and WLD in a two-week period, each sale following public endorsements that drew retail attention to the tokens.

The pattern identified by ZachXBT is specific: public promotion generates buying interest, and the promoter exits into that demand. Each individual trade came with its own rationale, from macro concerns to exploit risk to chart weakness.

Hayes has previously built and exited positions publicly, including a long-running bullish stance on ZEC. The 'Reality Test' essay Hayes promised as explanation for his HYPE and NEAR exits has not yet been published.