On-chain detective Specter: Arthur Hayes sold or deposited related tokens to exchanges multiple times after promoting the tokens.

Odaily reported that, according to blockchain detective Specter, Arthur Hayes has promoted HYPE, ZEC, and NEAR, which he referred to as the “Holy Trinity”, predicted HYPE would reach $150, and published Substack articles to promote HYPE. Several days later, Arthur Hayes sold the above three tokens. Afterwards, Arthur Hayes promoted WLD and posted that “This shitcoin is going to moon”; 3 days later, Arthur Hayes announced “I'm out.” Later, Arthur Hayes promoted CARDS and set a target price of $4; one day later, a related wallet deposited 1.9 million CARDS to an exchange. In 2024, Arthur Hayes promoted ENA, and about one hour later deposited ENA worth $8.4 million into a CEX.

Specter stated that Arthur Hayes’s BitMine has also been accused of operating an insider trading department, price manipulation, and insider trading. Arthur Hayes is currently promoting SYN.