Arthur Hayes has grouped Hyperliquid, Zcash and NEAR Protocol into what he called crypto’s “holy trinity,” giving three of the market’s strongest recent altcoin trades another high-profile sentiment boost.
The BitMEX co-founder’s call came after a sharp rotation into HYPE, ZEC and NEAR while Bitcoin remained stuck in a weaker short-term range. Hayes had already placed the same three assets inside his broader market thesis, writing that Hyperliquid and Zcash were already large positions while NEAR had become his next favorite altcoin. His thesis tied NEAR to the privacy narrative and cross-chain execution through Near Intents, while HYPE and ZEC remained core conviction trades.
The market reaction has been visible across all three tokens. HYPE is trading near $61.28, up about 10% over 24 hours and 44% over seven days, only slightly below its $62.18 all-time high. ZEC is trading near $636.80, up roughly 7% on the day and 24% over the week. NEAR is trading near $2.34, after a 13% daily move and a 56% weekly rally.
That makes Hayes’ “holy trinity” more than a social-media phrase. Each token is carrying a different market theme: HYPE is tied to Hyperliquid’s trading revenue and buyback narrative, ZEC is riding the return of privacy-coin demand, and NEAR is being repriced around AI, intents and private cross-chain payments.
HYPE And ZEC Keep The Strongest Speculative Pull
HYPE remains the cleanest momentum asset in the group because the token is trading near record highs while Hyperliquid continues to build a deeper liquidity base. Recent USDC growth across Hyperliquid gave the market a stronger collateral and quote-liquidity story, while Hayes’ separate bullish $150 HYPE call keeps traders focused on whether protocol fees and buyback demand can support a larger repricing.
The next HYPE test sits around the $62 all-time-high zone. A clean move above that level would put the token back into price discovery, while a failed break would shift attention toward whether buyers can defend the high-$50s after a fast rally.
ZEC has a different setup. The token’s rally is built around privacy demand, shielded payments, whale accumulation and renewed interest in older proof-of-work assets that still have a clear scarcity profile. The market is already watching the $700 to $730 resistance area, where ZEC previously ran into heavy rejection. A push through that band would give the rally stronger technical confirmation, while another rejection could bring profit-taking from traders who chased the latest privacy rotation.
NEAR Adds The AI And Privacy Layer
NEAR gives Hayes’ basket a different kind of upside profile. It has not matched HYPE’s market structure or ZEC’s privacy-coin intensity, but its weekly move has been the largest of the three. The token’s rally accelerated after renewed attention on AI, Near Intents and private cross-chain payments.
NEAR’s recent confidential payments launch gave the network a practical privacy angle at the same time Hayes was highlighting the token. The product lets users move supported assets across chains while reducing the public exposure of the sender path, giving NEAR a cleaner use case for business payments, treasury movement, AI-agent transactions and consumer transfers.
That narrative still needs follow-through. NEAR’s 24-hour range has stretched from $2.01 to $2.46, meaning the token is already volatile after a sharp breakout. A move above $2.46 would keep the rally active, while a loss of the low-$2 area would show that the Hayes-driven momentum is fading into normal post-pump consolidation.
Hayes’ “holy trinity” call now gives traders three clear levels to watch: HYPE around $62, ZEC around $700, and NEAR around $2.46. Breaks above those zones would keep the basket in control of the altcoin rotation, while failed moves would turn the story back toward profit-taking, thinner liquidity and whether social momentum can hold once the first wave of buyers has already entered.
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