A new claim has emerged that BitMEX founder Arthur Hayes is using his influence to leverage his followers as a dumping ground. On-chain analyst Specter pointed out that Hayes repeatedly dumps his holdings after recommending certain coins. Representative examples include HYPE, ZEC, and NEAR, where Hayes sold off all his holdings just days after posting and promoting them. Subsequently, WLD and CARDS followed the same pattern. This pattern was repeated multiple times in June alone. Currently, Hayes is actively promoting SYN, which Specter warns could create another set of victims.
