On-chain investigators accuse Arthur Hayes of frequently calling out tokens and quickly cutting his positions afterward, sparking a controversy over “exit liquidity.”

BlockBeats News, July 2 — On-chain investigator Specter disclosed that Arthur Hayes has recently been selling related tokens shortly after making optimistic statements about multiple projects, sparking controversy over his "use of opinions to influence liquidity."

The report points out that Hayes publicly turned bullish on tokens such as "HYPE, ZEC, NEAR" in June, predicted HYPE could reach $150, and published related bullish content on Substack. However, within a few days, these assets, referred to as the "Holy Trinity," were said to have undergone concentrated position reductions.

The report also states that Hayes later shifted his commentary to WLD, suggesting it "might rise," but publicly stated he had exited a few days later. After making a price prediction for CARDS, on-chain data allegedly showed approximately 1.9 million tokens of the related asset being transferred to an exchange. Additionally, the report mentions that after his bullish remarks on ENA in 2024, a large inflow to an exchange was recorded within about an hour.

The market should be wary of potential liquidity shocks from the opinions of high-influence figures on social media.