Another claim has emerged that BitMEX founder Arthur Hayes is using his influence to leverage his followers as exit liquidity. On-chain analyst Specter pointed out that a pattern of Arthur Hayes invariably dumping his holdings after recommending a specific coin is repeating. HYPE, ZEC, and NEAR are typical examples; within just a few days of Arthur Hayes posting and promoting them, he dumped all the holdings he had. Subsequently, WLD and CARDS followed the same pattern. This pattern was repeated multiple times in June alone. Currently, Arthur Hayes is actively pushing SYN, which Specter warns could create more victims.
