Arthur Hayes Accumulates Over $2 Million Worth of UNI in Two-Day Run‑Buy

Arthur Hayes’ on‑chain activity shows a concentrated purchase of Uniswap (UNI) tokens worth more than $2 million over a two‑day period. The accumulation was split between roughly 244,400 UNI on Sunday and 39,700 UNI on Monday, bringing the wallet’s total to 284,102 UNI.

Details of the Accumulation

The address, labeled “Arthur Hayes 4” on Etherscan, also holds about 8,013 ETH. Hayes is known for moving large orders off public order books, and the same wallet has previously withdrawn ETH and stablecoins from Galaxy Digital, Cumberland, and FalconX.

Market Context

During the buying window, UNI traded near $7.18, up 2.55% over 24 hours, with a market cap around $4.47 billion, ranking 22nd among cryptocurrencies. The token has risen 76.8% in the past month but remains 84% below its all‑time high of $44.92 set in May 2021.

Broader Uniswap Activity

• Uniswap’s fee revenue is now heavily driven by the Arbitrum Orbit network, which accounted for about 66% of earnings across 47 chains in August.
• Other large holders increased their UNI balances from 3.20 million to 3.46 million on September 2, but net sold roughly $130,000 on decentralized exchanges, indicating partial profit‑taking.

Potential Implications

Hayes’ purchase comes without a clear on‑chain catalyst such as a governance proposal or protocol upgrade. Whether the timing proves advantageous will depend on UNI’s price action through the remainder of September.