Billionaire Arthur Hayes Abruptly Dumps Five Digital Assets Including Ethereum – Here’s What He’s Selling, According To Lookonchain
Crypto billionaire Arthur Hayes has abruptly decided to begin selling millions of dollars worth of digital assets, according to on-chain data.
The BitMEX co-founder is “dumping his bags heavily,” according to the blockchain tracker Lookonchain.
The platforms says Hayes just sold:
• 260 Ethereum (ETH) worth about $820,000
• 2.4 million Ethena (ENA) worth about $651,000
• 640,000 Lido (LDO) worth about $480,000
• 1,630 Aave (AAVE) worth about $289,000
• 28,670 Uniswap (UNI) worth about $209,000.
That’s a total of $2.449 million in digital assets sold.
Hayes has not publicly stated what’s motivating his crypto moves.
He recently became a major proponent of the privacy coin Zcash (ZEC), saying he believes the coin could surge to 20% of Bitcoin’s (BTC) market cap.
Featured Image: Shutterstock/breakermaximus
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Today: Are Bitcoin Futures Indicating a Market Bottom or a Potential Trap for Investors?
- Rare Bitcoin futures signal emerges as open interest drops below $8B and funding rates turn negative, sparking debate about a potential market bottom. - Derivatives experts note this rare alignment of metrics historically precedes crypto market consolidation or reversals, but caution against over-interpretation. - On-chain data shows whale accumulation rising 12% in a month, contrasting with broader market weakness and weak Bitcoin fundamentals. - Analysts warn macroeconomic factors like inflation could
Druckenmiller’s $77 Million Investment Sparks Momentum in Blockchain Lending, Analysts Raise Their Projections
- Billionaire Stanley Druckenmiller's $77M investment in Figure (FIGR) triggered a 15% stock surge, signaling institutional confidence in its blockchain lending model. - Analysts raised price targets to $55-$56 after Q3 results showed 70% YoY loan growth to $2.5B and 55.4% EBITDA margins, surpassing estimates by 40-200%. - Figure's AI-driven capital-light model and RWA tokenization (e.g., $YLDS stablecoin) are highlighted as growth catalysts, with 60% of loans now via its Connect platform. - Institutional
Solana Latest Updates: VanEck's Collaboration on a Staked Solana ETF Reflects Growing Institutional Trust in Blockchain's Prospects
- VanEck partners with SOL Strategies for staking in its new Solana ETF (VSOL), enhancing institutional blockchain integration. - SOL Strategies' ISO-certified validators secure $437M+ in assets, chosen for operational expertise and institutional focus. - VSOL offers staking rewards with fee waivers until $1B AUM, reflecting growing demand for Solana-based funds like Bitwise's BSOL. - VanEck's $5.2B digital asset portfolio expands with VSOL, though staking risks and regulatory uncertainties remain for inve
Blockchain and AI Open Up Pre-IPO Wealth Opportunities to Everyday Investors
Trending news
MoreCrypto prices
More
