On-chain investigator accuses Arthur Hayes of frequently shilling a token and then rapidly dumping his holdings, triggering an "exit liquidity" debate.

BlockBeats News, July 2nd, on-chain investigator Specter revealed in a post that shortly after recent optimistic remarks by Arthur Hayes on multiple projects, related token sell-offs occurred, sparking controversy in the market over his "influence liquidity manipulation."

The report pointed out that Hayes publicly expressed bullish views on "HYPE, ZEC, NEAR," and other tokens in June, predicting a price of $150 for HYPE and publishing related bullish content on Substack. However, in the following days, these assets, dubbed the "Holy Trinity," were found to have experienced concentrated selling.

The report also mentioned that Hayes later commented on WLD, suggesting a "potential rise," but publicly announced his exit a few days later. Subsequently, after making a price prediction for CARDS, on-chain data indicated that around 1.9 million tokens were transferred from a related wallet to an exchange. Furthermore, the report referenced a large inflow to exchanges within about an hour of his bullish remarks on ENA for 2024.

The market should be cautious of the liquidity impact risks that high-profile individuals' views on social media may pose.