Ethereum News Today: Arthur Hayes Buys $10.5M ETH Six Days After $8.32M Sell-off as Price Rises 20%

Arthur Hayes, co-founder of the now-defunct BitMEX exchange, has repurchased over $10.5 million in Ethereum (ETH) just six days after selling $8.32 million worth of the asset, drawing significant attention from the crypto market [1][3][4]. The initial sale took place on July 21, 2025, when the price of ETH was approximately $3,507. By August 4, 2025, ETH had surged to $4,150, prompting Hayes to re-enter the market at a much higher valuation [3][7]. This rapid reversal of position underscores his active engagement with Ethereum’s price movements and reflects a strategic, bullish outlook.

Hayes publicly shared the details of his repurchase on Twitter on August 9, 2025, humorously acknowledging his mistake in selling and vowing not to take future profits. “Had to buy it all back, do you forgive me @fundstrat? I pinky swear, I’ll never take profit again,” he wrote [2][8]. The move has been widely interpreted as a sign of growing confidence in Ethereum’s long-term potential, as well as a reflection of the broader market’s upward momentum. Over the period in question, ETH prices saw a notable 20% increase, reinforcing the idea that large-scale participants like Hayes can influence short-term market dynamics [1][4][6].

Market analysts have closely monitored Hayes’ actions, given his history as a key figure in the cryptocurrency space. His decisions are often viewed as a barometer for broader market sentiment, and this recent trade has further solidified his reputation as a decisive and forward-looking investor [1][9]. While no regulatory bodies have issued statements about his activities, the transaction has sparked discussions about the impact of high-profile traders on market volatility. Historically, such large movements by influential figures have led to short-term price fluctuations, though their long-term effects depend on broader economic and institutional trends [2][4].

Hayes’ repurchase also highlights the rapid shifts in sentiment within the crypto market. The sale was initially prompted by caution, but the subsequent price surge led to a strategic re-entry at a premium. This bold reinvestment suggests that he sees value in Ethereum at higher levels and is willing to take on increased risk to capitalize on what he perceives as a favorable market environment [5][6].

The broader implications of his actions are still unfolding. However, the immediate impact has been a renewed focus on Ethereum as a strong performer within the crypto space. Hayes’ track record and market instincts continue to serve as a key indicator for both retail and institutional investors, who watch his moves closely for potential signals about the market’s direction [4][6].

Source:

[1] Ethereum News Today: Arthur Hayes Reverses (https://www.ainvest.com/news/ethereum-news-today-arthur-hayes-reverses-ethereum-bet-eth-surges-17-8-4-150-2508/)

[2] Arthur Hayes Purchases ETH at Over $4150 After Selling ... (https://coincentral.com/arthur-hayes-purchases-eth-at-over-4150-after-selling-last-week/)

[3] Arthur Hayes Buys $10.5M ETH Just Six Days After $8.32M ... (https://www.ainvest.com/news/ethereum-news-today-arthur-hayes-buys-10-5m-eth-days-8-32m-sell-2508/)

[4] From Sell-Off to Buy-Back: Arthur Hayes's Unexpected ETH ... (https://coincentral.com/from-sell-off-to-buy-back-arthur-hayess-unexpected-eth-price-move/)

[5] Arthur Hayes repurchases $8.3M in Ethereum, Spiros ... (https://tradersunion.com/news/market-voices/show/427702-arthur-hayes-ethereum/)

[6] Ethereum Tops $4K As Hayes Reloads (https://www.bitget.com/news/detail/12560604904658)

[7] Arthur Hayes's Bold Ethereum Reinvestment Strategy (https://cryptorobotics.ai/news/news-report/arthur-hayes-ethereum-reinvestment-strategy/)

[8] Cryptocurrency Live News & Updates : Ethereum's Rally (https://m.economictimes.com/crypto-news-today-live-09-aug-2025/liveblog/123195194.cms)

[9] Ethereum News: ETH Bears 'Getting Slaughtered' as Price ... (https://www.coindesk.com/markets/2025/08/09/eth-jumps-7-to-usd4-200-highest-since-december-2021-as-analysts-forecast-what-s-next)