Ethereum News Today: Arthur Hayes Buys $16M in Altcoins Amid Crypto Rally and Market Volatility

Arthur Hayes, co-founder of BitMEX, has made a series of notable cryptocurrency investments, accumulating over $16 million worth of altcoins in a five-day period, according to on-chain data [1]. Among the assets acquired were 1,750 ETH valued at $7.43 million, 58,631 HYPE tokens for $2.62 million, and 3.1 million ENA tokens at $2.48 million. These purchases reinforce Hayes’ ongoing bullish stance on Ethereum and associated DeFi projects, particularly those with strong fundamentals and growing market traction [2].

The timing of these investments coincides with a broader crypto market rally. Ethereum has seen nearly a 50% increase in value over the past month, HYPE is nearing a new all-time high of $50, and ENA has surged more than 300% in the last 30 days. Hayes’ strategic diversification into alternative assets, while maintaining his long-standing support for Bitcoin, underscores his confidence in the evolving crypto landscape [3].

Despite his recent altcoin focus, Hayes has not shifted from his bullish outlook on Bitcoin. Earlier in 2025, he highlighted the potential for Bitcoin to benefit from U.S. Federal Reserve policies and broader macroeconomic developments. He has also emphasized the possibility of Bitcoin reaching $250,000 in the short term and potentially $1 million by 2028 under certain economic scenarios [4].

Hayes’ investment pattern has shown recent volatility. In early August, he sold millions of dollars worth of ETH, ENA, and other tokens. However, just days later, he repurchased significant amounts of ETH and expressed a long-term commitment to his positions. His return to the market reflects a strategic approach to navigating crypto’s cyclical nature [5].

These transactions highlight the influence of prominent figures in the crypto space. As a former BitMEX CEO and consistent market commentator, Hayes’ moves are often seen as indicative of broader sentiment among institutional and retail investors. His actions provide insight into the growing institutional confidence in digital assets, particularly in Ethereum-based projects and DeFi protocols [6].

Source:

[1] Arthur Hayes on the Move Again: Here's What He Bought Today...(https://cryptopotato.com/arthur-hayes-on-the-move-again-heres-what-he-bought-today/)

[2] Bitcoin News Today: Arthur Hayes Buys $2.62M HYPE...(https://www.ainvest.com/news/bitcoin-news-today-arthur-hayes-buys-2-62m-hype-2-48m-ena-7-43m-eth-strategic-altcoin-moves-2508/)

[3] Arthur Hayes Goes on $16M Altcoin Buying Spree Amid...(https://crypto-economy.com/arthur-hayes-goes-on-16m-altcoin-buying-spree-amid-crypto-rally/)

[4] Arthur Hayes Once Again on Altcoin Buying Spree...(https://www.coinspeaker.com/arthur-hayes-once-again-on-altcoin-buying-spree/)

[5] Whale Buy Alert: Arthur Hayes adds 1750 ETH, 3.1M ENA...(https://blockchain.news/flashnews/whale-buy-alert-arthur-hayes-adds-1-750-eth-3-1m-ena-1-29m-ldo-58-631-hype-184-610-pendle-420-000-ethfi-about-15-9m-in-5-days)

[6] Arthur Hayes Makes Significant Investments in HYPE, ENA, and ETH (https://www.livebitcoinnews.com/arthur-hayes-makes-significant-investments-in-hype-ena-and-eth/)