ETHFI Surges 25% in a Week as Arthur Hayes Re‑enters Position

Ether.fi (ETHFI) jumped 25.3% over the last seven days, outpacing Bitcoin’s 21.4% gain but trailing Ethereum’s 27.8% rise. The rally lifted ETHFI to $0.631, an 11.1% increase in the past 24 hours, and brought its market cap to about $649.7 million, ranking it 92nd among tokens.

Arthur Hayes Returns to ETHFI

BitMEX co‑founder Arthur Hayes bought back 1.9 million ETHFI tokens for roughly $1.17 million, paying $0.62 per token. This entry price is about 41% higher than the $0.44 level at which he sold 265,461 ETHFI in April, a sale that generated approximately $118 000 and recorded a loss.

On‑chain Activity and Trade History

On‑chain analytics flagged Hayes’s purchase shortly after settlement, noting the contrast between his earlier low‑price sale and the higher‑price re‑entry. Review of three wallets linked to Hayes shows cumulative losses of $2.47 million across 124 trades from December 2023 to August 2026, with ETHFI accounting for $474 000 of those losses. The only profitable position in that period was Ethena (ENA), which gained $3.23 million.

Market Context

Despite the recent surge, ETHFI remains about 93% below its March 2024 all‑time high of $8.53. The token’s performance this week exceeds Bitcoin’s gain but lags behind Ethereum’s broader rally.

Outlook

Hayes’s new ETHFI stake sits marginally above water. Future performance will depend on whether he holds through any subsequent drawdowns.