{"id":14864,"date":"2025-08-09T15:13:35","date_gmt":"2025-08-09T13:13:35","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=14864"},"modified":"2025-08-09T15:13:35","modified_gmt":"2025-08-09T13:13:35","slug":"arthur-hayes-reinvests-in-eth-at-elevated-prices-vows-to-never-cash-out-again","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/09\/arthur-hayes-reinvests-in-eth-at-elevated-prices-vows-to-never-cash-out-again\/","title":{"rendered":"Arthur Hayes Reinvests in ETH at Elevated Prices, Vows to Never Cash Out Again"},"content":{"rendered":"

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BitMEX co-founder and Bitcoin magnate Arthur Hayes has reentered Ethereum just a week following the sale of a substantial portion.<\/p>\n

Onchain data indicates<\/a> that Hayes liquidated 2,373 Ether (ETH<\/a>), valued at approximately $8.32 million at that time, when the token was trading close to $3,507. The transaction, which took place about a week ago, secured gains prior to Ether\u2019s recent surge.<\/p>\n

In a turnaround, the crypto analyst transferred $10.5 million in USDC (USDC<\/a>) through several transactions on Saturday, with the stablecoins aimed at acquiring ETH at prices exceeding $4,150, considerably higher than his previous exit point.<\/p>\n

\u201cHad to repurchase everything, will you forgive me @fundstrat?\u201d he posted on X, mentioning Tom Lee, the co-founder and head of research at FS Insight by Fundstrat. \u201cI pinky promise, I\u2019ll never secure profits again,\u201d he added.<\/p>\n

Hayes repurchases ETH. Source: <\/em>Arthur Hayes<\/em><\/a><\/figcaption><\/figure>\n

Related: <\/strong><\/em>$105M Ether shorts got \u2018smoked,’ Eric Trump critiques the bears<\/strong><\/em><\/a><\/p>\n

Hayes cautions of crypto downturn<\/h2>\n

Last week, Hayes, who serves as chief investment officer of Maelstrom Fund, alerted that rising macroeconomic challenges<\/a> might drive Bitcoin (BTC<\/a>) back toward $100,000.<\/p>\n

Pointing to renewed tariff anxieties following the disappointing July Non-Farm Payrolls report, which revealed only 73,000 new jobs in the US, Hayes mentioned that sluggish credit expansion in major economies could impact nominal GDP and lead Bitcoin and Ether to decline towards $100,000 and $3,000, respectively.<\/p>\n

In preparation, Hayes divested over $13 million in cryptocurrency, including $8.32 million in ETH, $4.62 million in Ethena (ENA<\/a>), and $414,700 in Pepe (PEPE<\/a>).<\/p>\n

Related: <\/strong><\/em>Ether price reaches $4K for the first time since December 2024<\/strong><\/em><\/a><\/p>\n

Institutions acquire $4.17 billion in ETH<\/h2>\n

Since July 10, over 1.035 million ETH, valued at roughly $4.17 billion, has been gathered by a group of anonymous whales and institutions through exchanges and institutional trading platforms, according<\/a> to data captured by EmberCN.<\/p>\n

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Ether whales are on a purchasing spree. Source: <\/em>EmberCN<\/em><\/a><\/figcaption><\/figure>\n

The increase in buying activity coincided with Ethereum\u2019s robust price surge, rising from $2,600 to $4,000 within the month, marking a 45% gain.<\/p>\n