Arthur Hayes, maybe finest recognized for his management at BitMEX years in the past, has made a number of high-value transfers for quite a few altcoins, largely from the DeFi area, which caught the eye of monitoring assets resembling Lookonchain.
Given his historical past of offloading related tokens in instances of market uncertainty, the analysts speculated that he had doubtless made the transfers to promote $1.06 million value of ENA, $954,000 value of ETHFI, and $1.14 million value of PENDLE.
Arthur Hayes(@CryptoHayes) is promoting DeFi tokens.
Up to now quarter-hour, he moved out 8.57M $ENA($1.06), 2.04M $ETHFI($954K), and 950K $PENDLE($1.14M) — prone to promote.https://t.co/loeYKUb9rN pic.twitter.com/ZOJnUHCTdr
— Lookonchain (@lookonchain) February 8, 2026
Hayes made a number of massive sell-offs in August final 12 months, claiming that the crypto market was due for a big correction. Nonetheless, the market went the opposite course, and among the property he bought, resembling ETH, skyrocketed within the following weeks.
Simply days later, he regretted his resolution with a publish on X. Hayes defined that he had to purchase all of it again at larger costs, requested for forgiveness from the Ethereum neighborhood, and promised to not take ETH earnings once more.
In November, although, additional on-chain knowledge from Lookonchain confirmed that he disposed of 520 ETH for $1.66 million, alongside ENA and ETHFI.
One other report from late December 2025 indicated that he had bought extra ETH and bought PENDLE, LDO, ENA, and ETHFI once more. If he certainly offloaded the DeFi tokens now, it will end in a considerable loss given the most recent market correction.
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