Bitcoin Bull Arthur Hayes Did What He Said He Would: He Started Selling an Altcoin Today
Arthur Hayes, a closely followed figure in the cryptocurrency market, has made a notable rotation in his Ethereum positions.
According to on-chain data, Hayes transferred 682 ETH (approximately $2 million) to the Binance exchange with his latest transaction, positioning it for sale. This brings his total sales in the last week alone to 1,871 ETH ($5.53 million).
Hayes’s selling activity was supported by new DeFi-focused purchases during the same period. Data shows that Hayes recently added 1.22 million ENA ($257.5 thousand), 137,117 PENDLE ($259 thousand), and 132,730 ETHFI ($93 thousand) to his portfolio.
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Indeed, Hayes explicitly stated this approach in his assessment four days ago. The renowned investor said, “We are exiting ETH and moving towards high-quality DeFi projects that we believe can perform better as fiat liquidity improves.” This statement, along with the recent transactions, confirms that a strategic portfolio transformation has effectively taken place.
On the other hand, in his recently published article, Hayes put forward a striking view on the macro front as well. According to Hayes, the Fed’s newly announced “Reserve Management Purchases (RMP)” program, despite the name change, is essentially a rebranded version of quantitative easing (QE). Hayes argues that the Fed softened the terminology to avoid statements that directly refer to money printing.
Hayes argues that this process is extremely supportive for crypto markets in the long term and lays the groundwork for a potential Bitcoin price of $200,000 by 2026.
*This is not investment advice.
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Arthur Hayes Sells Over 1,800 ETH as Portfolio Shifts Toward Stablecoins
Arthur Hayes, co-founder of BitMEX, continued to withdraw ETH from his wallet and transfer it to exchanges in December. These actions have led investors to believe he is selling ETH. The move may be part of a portfolio rebalancing plan he previously shared.
This activity comes as his portfolio shows notable changes. It now holds more stablecoins and significantly less ETH.
Arthur Hayes May Have Sold More Than 1,800 ETH in the Past Week
A recent report from Lookonchain, an account that tracks notable on-chain activity, revealed that Hayes sold an additional 682 ETH on Binance. The transaction was valued at approximately $2 million. He redirected the capital into DeFi tokens.
Arthur Hayes(@CryptoHayes) has just deposited another 682 $ETH($2M) into #Binance to sell and rotate into high-quality DeFi tokens.In the past week, he has sold a total of 1,871 $ETH($5.53M), and bought 1.22M $ENA($257.5K), 137,117 $PENDLE($259K), and 132,730 $ETHFI($93K). pic.twitter.com/2mddOY3H1t
Lookonchain (@lookonchain) December 24, 2025
Earlier, BeInCrypto reported that Hayes transferred 508.6 ETH, valued at around $1.5 million, to Galaxy Digital.
In total, Hayes sold approximately 1,871 ETH over the past week. The estimated value of these transactions reached $5.53 million. He used the proceeds to purchase DeFi tokens, including ENA, PENDLE, and ETHFI.
Price Performance of Tokens Purchased by Hayes. Source: TradingView
Data shows that these tokens have declined by 8090% so far this year. Hayes appears to be taking advantage of low prices. He expects these tokens to deliver future returns. Previously, Hayes publicly shared his strategy on his personal X account.
We are rotating out of ETH and into high-quality DeFi names, which we believe can outperform as fiat liquidity improves, he said.
However, a closer examination of his portfolio structure using Arkham data reveals a significant shift.
First, the amount of ETH held in his wallet has steadily declined from 16,000 ETH in 2022. Since November, his ETH holdings have fallen from 6,500 ETH to 3,160 ETH. This indicates sales of more than 3,440 ETH during that period.
Arthur Hayess Investment Portfolio. Source: Arkham
Meanwhile, out of a total portfolio valued at $74 million, nearly $48 million is held in USDC. Stablecoins now account for more than 60% of the portfolios total value.
Arthur Hayess Investment Portfolio. Source: Arkham
Arkham data shows that Hayes increased his USDC holdings from $1 million to nearly $48 million since mid-November. This period also coincided with market sentiment remaining in fear to extreme fear territory.
Typically, rising stablecoin holdings signal either readiness to buy dips or a cautious stance.
Previously, Arthur Hayes predicted that Ethereum could reach $20,000. He stated that holding 50 ETH could make someone a millionaire by the next US presidential election.
Read the article at BeInCrypto
Following Yesterday’s Move, Controversial Figure Arthur Hayes Purchased a Different Altcoin Today
Arthur Hayes, a controversial figure in the cryptocurrency market, is back in the spotlight today with his latest altcoin purchase.
According to on-chain data, Hayes purchased 137,120 PENDLE tokens through liquidity provider Flowdesk. The total value of the transaction was reported to be approximately $260,000.
Hayes’s move is being considered in conjunction with another transaction that occurred the day before. Yesterday, it was reported that Arthur Hayes withdrew 1.22 million ENA tokens from the Binance exchange, a transaction worth approximately $257,000.
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On the other hand, it’s not just Arthur Hayes who’s making noteworthy moves in the market; other major investors are too. A whale wallet reportedly withdrew 246,259 LINK tokens from Binance, with a total value of $3.08 million. The same wallet’s current LINK balance is said to have reached 445,775 tokens, worth approximately $5.57 million.
Another whale investor withdrew 272.2 million PENGU tokens from Binance, generating approximately $2.52 million in transactions. Data from the past two weeks reveals that this whale has accumulated over 273 million PENGU tokens in total, as well as a limited amount of TRUMP tokens.
*This is not investment advice.
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