Key facts
- Hyperliquid has fallen from recent record highs.
- Crypto veteran Arthur Hayes has exited his position in Hyperliquid.
- Hayes cited macro risks and AI mania as reasons for selling.
- Traders criticized Hayes for selling below his price targets.
Hyperliquid has experienced a pullback from its recent record highs, with crypto veteran Arthur Hayes reportedly exiting his position. Hayes attributed his decision to sell to prevailing macro risks and the current fervor surrounding artificial intelligence, which he believes are reasons to take profits. However, his move has drawn criticism from some traders who felt he sold well below his previously stated bullish price targets for the asset. The exact price at which Hayes exited and his specific price target were not detailed, but the event marks a notable shift in sentiment for the asset.