Arthur Hayes Sells ZEC Holdings After Orchard Exploit, Zcash Drops 47%
A reheated bagel, served cold.
Summary
Arthur Hayes sold his entire ZEC (Zcash) holdings after an independent cryptographer exposed the Orchard exploit on June 29, causing ZEC to drop over 47% to ~$264.80 after previously surging past $600. Hayes also sold HYPE and NEAR, rotating into Worldcoin, citing AI IPO momentum and upcoming U.S. midterm elections. While he noted new counterfeit minting is extremely unlikely, he stated it cannot be cryptographically ruled out, calling that ambiguity disqualifying for privacy assets.
Key quotes
· 1 pulledHe said new counterfeit minting is extremely unlikely but cannot be cryptographically ruled out, calling that ambiguity disqualifying for privacy assets.
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