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\n\t\t\t\t\t\t\t\t\tHe promised not to take profits from his ETH holdings just a few months ago.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Data from Lookonchain indicated that Arthur Hayes, the former CEO and co-founder of BitMEX, had gone on another selling spree by dumping several altcoins.<\/p>\n
The first batch reported by the analytics company indicated that he disposed of 520 ETH, 2.62M ENA, and 132,730 ETHFI in just a few hours.<\/p>\n
\nArthur Hayes(@CryptoHayes<\/a>) appears to have sold 520 $ETH<\/a>($1.66M), 2.62M $ENA<\/a>($733K), and 132,730 $ETHFI<\/a>($124K) 4 hours ago.https:\/\/t.co\/loeYKUb9rN<\/a> pic.twitter.com\/NDEJlxGiWn<\/a><\/p>\n
\u2014 Lookonchain (@lookonchain) November 16, 2025<\/a><\/p>\n<\/blockquote>\n
The team updated<\/a> later that the sales continued. This time, he doubled down on ETH and ENA by offloading $820,000 worth of the former and $651,000 worth of the latter. He also sold $480,000 in LDO, $289,000 in AAVE, and $209,000 in UNI.<\/p>\n
His latest selling moves came after the most recent crypto market crash. Recall that BTC, alongside almost all altcoins, dumped<\/a> hard on Friday. Bitcoin plunged to a six-month low of $94,000, while ETH dipped to $3,100. Interestingly, there\u2019s one evident exception from the alts, which Hayes has been openly supporting for the past several weeks.<\/p>\n
Amid the rest of the altcoin calamity, ZEC is up by 26% weekly and more than 220% monthly. Hayes praised the privacy coin\u2019s move and said<\/a> it\u2019s better than XRP on X.<\/p>\n
Recall that the Maelstrom exec sold off<\/a> a significant portion of his alt holdings back in August as well. At the time, he warned that the crypto market is due for another pullback.<\/p>\n
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However, that\u2019s not what took place, as the market started to recover and he had to reaccumulate ETH at higher prices. Afterward, he \u201cpinky\u201d swore<\/a> that he would never take a profit again.<\/p>\n
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