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The BitMEX co-founder is closing his HYPE and NEAR longs ahead of a Tuesday essay arguing that an energy-shock + AI-IPO combo hands Trump an anti-AI lever into 2026.
The market-cap gap is still ~38x in Solana's favor, but HYPE's perps volume and fee capture have structurally outgrown what a pure L1 should be earning on-chain.
Karpathy co-founded OpenAI in 2015, left for Tesla in 2017, returned in 2023, and now lands at Anthropic — a direct frontier-lab talent move ahead of the next LLM cycle.
The BitMEX co-founder disclosed his exit only after prices rolled over, leaving all three names back where they were before his call went public.
The former BitMEX CEO is rotating out of HYPE, NEAR, and Worldcoin on the bet that fiat liquidity is fully absorbed by AI — and Bitcoin won't be the safe haven if that bid breaks.
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