Arthur Hayes Sells $18.02 Million in HYPE Tokens

Arthur Hayes has sold 247,334 HYPE tokens, valued at $18.02 million, according to Onchain Lens. The sale occurred shortly after Hayes publicly challenged Kyle Samani to a $100,000 charity bet, asserting that HYPE would outperform all other top ten cryptocurrencies by market cap by the end of the year. Samani accepted the challenge, betting on SOL. Earlier reports indicated that Hayes had liquidated his holdings in both HYPE and NEAR. According to ChainCatcher, this development follows Hayes' recent disclosure of his complete exit from HYPE and NEAR investments.