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<\/p>\n
The former CEO of the now-closed derivatives exchange BitMEX is back in selling mode, with on-chain data showing that he disposed of more than $20 million worth of cryptocurrencies in just days.<\/p>\n
The latest transactions add another chapter to his unusual trading history, in which he has repeatedly accumulated ETH and then sold substantial portions shortly afterward.<\/p>\n
According to data from Lookonchain, wallets associated with Arthur Hayes sold approximately $22.28 million worth of various altcoins, with the leader of the niche accounting for the overwhelming majority of the total. The biggest transaction involved 6,400 ETH worth approximately $15.2 million.<\/p>\n
The BitMEX co-founder also disposed of 14 million ENA tokens valued at $2.76 million, 323,000 UNI worth $2.24 million, and 1.89 million ETHFI worth around $1.23 million. His remaining sales included over 546,600 AERO, 120,000 PENDLE, and 3 million ZAMA.<\/p>\n
\nArthur Hayes (@CryptoHayes) is dumping $22.28M worth of tokens!<\/p>\n
Including:
\n6,400 $ETH ($15.2M),
\n14M $ENA ($2.76M),
\n323,000 $UNI ($2.24M),
\n1.89M $ETHFI ($1.23M),
\n546,609 $AERO ($398K),
\n120,000 $PENDLE ($244K),
\n3M $ZAMA ($214K).<\/p>\nhttps:\/\/t.co\/gau6egd7Vm
\nhttps:\/\/t.co\/DXKXubxP65 https:\/\/t.co\/wV19JL4o6S<\/p>\n\u2014 Lookonchain (@lookonchain) October 24, 2026<\/a><\/p>\n<\/blockquote>\n
The move is especially interesting because Hayes has remained publicly bullish on Ethereum. In late September, he predicted<\/a> that the leading altcoin could skyrocket to $10,000 by the end of the year, arguing that Ethereum is still the most secure layer-one network and is capable of accommodating substantial amounts of capital.<\/p>\n
However, he has frequently disposed of major quantities of certain assets during market uncertainty, which has reigned for the past week or so.<\/p>\n
Not The First Time<\/h2>\n
The Maelstrom CIO accumulated ETH heavily in July as the asset rallied, ultimately purchasing more than 7,200 tokens for nearly $14 million at an average price of $1,923. Shortly after, though, the cryptocurrency pulled back, and he deposited 2,364 to Cumberland and Galaxy Digital at an estimated selling price of $1,821, realizing a loss of around $241,000 on that portion of the position.<\/p>\n
The move came after another notable reversal<\/a> in which he had sold more than $10 million worth of ETH at prices below $1,700 before buying back once again once the asset recovered to over $1,900. By late July, Lookonchain reported<\/a> that he had spent another $7.47 million to acquire 3,915 ETH at an average price of $1,909.<\/p>\n
The post Arthur Hayes Dumps $22M in Crypto After Calling for $10K ETH: Here\u2019s What He Sold<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\n
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