Arthur Hayes Accumulates $10.5 Million in Altcoins and Ethereum
Arthur Hayes, co-founder of BitMEX, has shifted to aggressive buying after recently selling most of his portfolio. Over five days, he purchased:
- 1,750 ETH for $7.43 million
- 58,631 HYPE for $2.62 million
- 3.1 million ENA for $2.48 million
- 1.29 million LDO for $1.83 million
- 184,610 PENDLE for $1.02 million
- 420,000 ETHFI for $516,600
This buying spree follows a previous sale of 2,373 ETH for $8.32 million, where he converted assets into stablecoins amid market concerns.
Current holdings stand at $16.43 million, reflecting a slight increase from the cost basis of $15.9 million. Gains are noted in ETH and HYPE, while other assets show moderate losses.
Hayes' actions indicate a bullish sentiment towards an altcoin rally, coinciding with positive trends in the broader crypto market.
