PANews reported on June 4th that, according to Onchain Lens monitoring, Arthur Hayes sold 247,334 HYPE tokens (worth $18.02 million) and an unknown amount of NEAR. This sale occurred shortly after he publicly challenged Kyle Samani to a $100,000 charity bet, claiming that HYPE would outperform all other top ten cryptocurrencies by market capitalization by the end of the year. Kyle accepted the challenge and bet on SOL.

Earlier reports indicated that Arthur Hayes had sold off his entire holdings in HYPE and NEAR .