ZachXBT Blasts Arthur Hayes, Says Followers Were Used as Exit Liquidity
Summary
- On-chain investigator ZachXBT criticized Arthur Hayes, saying he secured exit liquidity from followers.
- Questions were raised over whether Hayes closed positions after making bullish calls on NEAR Protocol (NEAR), Hyperliquid (HYPE), Zcash (ZEC) and Worldcoin (WLD).
- ZachXBT said Hayes's repeated bullish calls followed by swift position exits could affect market participants.
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Prominent on-chain investigator ZachXBT launched a sharp public criticism of BitMEX co-founder Arthur Hayes over his trading behavior.
In a post on X on June 6, ZachXBT asked Hayes how much "exit liquidity" he had secured from followers over the past few days.
ZachXBT alleged that Hayes had previously made bullish calls on NEAR Protocol (NEAR), Hyperliquid (HYPE) and Zcash (ZEC) before closing those positions. He also claimed Hayes repeatedly expressed strong optimism about Worldcoin (WLD), cited a price target far above the current level, and then sold his entire holdings within a short period.
Hayes rejected the criticism, saying he merely sold assets to buyers in the market once they reached his target price. If prices had continued to climb afterward, he said, people would have called the sale a mistake. "This time, I just happened to be right," he added.
ZachXBT later renewed the criticism by sharing Hayes's past bullish comments on Worldcoin. He argued that repeatedly making public bullish calls and then quickly unwinding a position could influence market participants.
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