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    Home»Altcoins»Arthur Hayes buys ETH again at larger costs, pinky swears to by no means promote
    Arthur Hayes buys ETH again at larger costs, pinky swears to by no means promote
    Altcoins

    Arthur Hayes buys ETH again at larger costs, pinky swears to by no means promote

    By Crypto EditorAugust 9, 2025No Comments2 Mins Read
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    BitMEX co-founder and Bitcoin billionaire Arthur Hayes has purchased again into Ethereum only a week after promoting a big tranche.

    Onchain knowledge exhibits that Hayes offloaded 2,373 Ether (ETH), price roughly $8.32 million on the time, when the token was buying and selling close to $3,507. The sale, which occurred a few week in the past, locked in income earlier than Ether’s newest rally.

    In a reversal, the crypto analyst moved out $10.5 million in USDC (USDC) throughout a number of transactions on Saturday, with the stablecoins directed towards buying ETH at costs above $4,150, considerably larger than his earlier exit level.

    “Had to purchase all of it again, do you forgive me @fundstrat?” he wrote on X, tagging Tom Lee, the co-founder and head of analysis at FS Perception by Fundstrat. “I pinky swear, I’ll by no means take revenue once more,” he added.

    Arthur Hayes buys ETH again at larger costs, pinky swears to by no means promote
    Hayes buys again ETH. Supply: Arthur Hayes

    Associated: $105M Ether shorts bought ‘smoked,’ Eric Trump throws shade at bears

    Hayes warns of crypto drop

    Final week, Hayes, who’s chief funding officer of Maelstrom Fund, warned that mounting macroeconomic pressures may pull Bitcoin (BTC) again towards $100,000.

    Citing renewed tariff fears after the weak July Non-Farm Payrolls report, which confirmed solely 73,000 new US jobs, Hayes stated sluggish credit score development in main economies may weigh on nominal GDP and push Bitcoin and Ether decrease towards $100,000 and $3,000, respectively.

    In anticipation, Hayes offered over $13 million price of crypto, together with $8.32 million in ETH, $4.62 million in Ethena (ENA), and $414,700 in Pepe (PEPE).

    Associated: Ether worth hits $4K for first time since December 2024

    Establishments scoop up $4.17 billion in ETH

    Since July 10, greater than 1.035 million ETH, price roughly $4.17 billion, has been gathered by a cluster of unknown whales and establishments by exchanges and institutional buying and selling platforms, in response to knowledge gathered by EmberCN.

    Ether whales are on a shopping for spree. Supply: EmberCN

    The surge in shopping for exercise coincided with Ethereum’s sturdy worth rally, climbing from $2,600 to $4,000 throughout the month, a forty five% improve.