Ethereum News Today: Arthur Hayes Buys $10.5M ETH Just Six Days After $8.32M Sell

Arthur Hayes, co-founder of BitMEX, has re-entered the Ethereum market with a $10.5 million ETH purchase on August 8, 2025, buying back the same tokens he sold just six days earlier [1][2]. This strategic move, observed on-chain by platforms like Lookonchain, reflects a rapid reversal in positioning, underscoring the fluidity and volatility inherent in the crypto markets [2][6]. Hayes sold 2,373 ETH at $3,507 on August 2 for approximately $8.32 million before repurchasing 1,250 ETH at $4,150 per token [5][6]. Alongside ETH, he also acquired 424,000 LDO and other tokens, indicating a diversified but focused re-entry into digital assets [2].

Hayes shared his intentions publicly on X, humorously asking for “forgiveness” for his earlier profit-taking and committing to hold Ethereum “indefinitely” moving forward [2][6]. His post, which included a tag of Fundstrat’s Tom Lee, has sparked widespread discussion among traders and on-chain analysts, with many interpreting it as a bullish signal [6]. The move has also drawn attention for its timing: Ethereum had just breached the $4,000 level for the first time since December 2024 [2], a psychological milestone that has historically signaled accumulation phases.

The broader market context aligns with Hayes’ actions. Over the past six weeks, whales and professional investors have accumulated over 1 million ETH, totaling $4.17 billion, according to EmberCN [2]. This trend has been linked to growing interest in Ethereum staking, layer-2 innovations, and tokenized real-world assets. Analysts suggest that Hayes’ return, along with similar activity from major holders, signals a shift in sentiment toward Ethereum’s long-term value and utility [8].

Hayes’ transactions highlight the role of on-chain data in gauging institutional and whale activity, with platforms like Lookonchain tracking his wallet movements in real time [6]. The full cycle of sales and repurchases demonstrates a nimble and reactive approach to market conditions, reinforcing the idea that top crypto figures often act as barometers for broader market sentiment [6].

While some analysts remain cautious due to macroeconomic headwinds, the accumulation of ETH by high-profile figures like Hayes suggests a growing belief in Ethereum’s resilience and potential [2]. Whether this signals a sustainable bull phase remains to be seen, but for now, Ethereum’s price action and Hayes’ return are reinforcing its position as a key asset in the digital economy.

Source:

[1] Cointelegraph - https://cointelegraph.com/news/arthur-hayes-eth-buyback-higher-price

[2] Coindoo - https://coindoo.com/arthur-hayes-reenters-ethereum-after-quick-profit-taking-exit/

[5] FXLeaders - https://www.fxleaders.com/news/2025/08/10/arthur-hayes-re-enters-eth-market-pledges-to-hold-ethereum-indefinitely/

[6] Blockchain News - https://blockchain.news/flashnews/arthur-hayes-eth-whale-alert-sold-2-373-eth-at-3-507-then-deployed-10-5m-usdc-to-buy-back-eth-on-chain-update

[8] AInvest - https://www.ainvest.com/news/arthur-hayes-eth-flip-microcosm-institutional-reentry-ethereum-bullish-potential-2508/