Ethereum News Today: Arthur Hayes Rebuys $10.5M in ETH Amid 20% Price Surge

Arthur Hayes, co-founder of BitMEX, has reversed his recent decision to sell ether, purchasing a significant amount of the cryptocurrency at prices exceeding $4,150. The move marks a return to long-term confidence in Ethereum after he initially sold $8.3 million in ETH, a decision he later admitted was a mistake. The abrupt sell-off had been driven by concerns over broader market corrections, Fed policy uncertainty, and anticipated volatility linked to Trump-era geopolitical dynamics [1].

Hayes deployed $10.5 million in USD Coin (USDC) in multiple transactions to acquire 2,373 ETH at significantly higher prices than when he previously sold the same amount [3]. On social media, he publicly apologized for the short-term profit-taking and pledged not to sell ether again, regardless of market conditions. This commitment reflects his strong conviction in Ethereum’s future and underscores a shift in strategy from tactical profit-taking to long-term holding [2].

His reversal came as Ethereum experienced a sharp price rally, reaching a multi-year high of $4,200 and surging by approximately 20% within a week. This performance directly contradicted his earlier bearish outlook. The market’s unexpected resilience has prompted mixed reactions. While some view Hayes’s decision as a sign of deepened conviction in Ethereum’s long-term value, others remain cautious about the volatility and risks still present in the crypto space [4].

Hayes’s actions have sparked broader interest in Ethereum’s price trajectory and investor psychology within the industry. The co-founder has positioned himself as both a critic and participant in the crypto ecosystem, frequently sharing insights and predictions that carry significant influence. His recent reversal underscores the unpredictable nature of the market and the difficulty in timing exits, particularly for seasoned investors [5].

Meanwhile, institutional investors continue to accumulate ETH, with over 1.035 million ETH, valued at around $4.17 billion, bought since early July. This accumulation supports Ethereum’s recent price rally from $2,600 to over $4,000, reflecting a 45% increase. Data suggests that these large holdings belong mainly to institutions and publicly traded companies in the U.S., further reinforcing Ethereum’s appeal as a strategic asset [4].

Hayes’ actions and market trends highlight the active and dynamic nature of crypto investing by whales and industry leaders. His personal strategy shift may signal a broader confidence in Ethereum’s fundamentals and future utility, as the asset continues to gain institutional traction and price momentum.

Source:

[1] Arthur Hayes Purchases ETH at Over $4150 After Selling Last Week – CoinCentral, https://coincentral.com/arthur-hayes-purchases-eth-at-over-4150-after-selling-last-week/

[2] From Sell-Off to Buy-Back: Arthur Hayes's Unexpected ETH Price Move – CoinCentral, https://coincentral.com/from-sell-off-to-buy-back-arthur-hayess-unexpected-eth-price-move/

[3] Arthur Hayes Rebuys ETH Amid Price Rally and Swears Off Profit-Taking – CryptoPotato, https://cryptopotato.com/arthur-hayes-rebuys-eth-amid-price-rally-and-swears-off-profit-taking/

[4] Arthur Hayes Rebuys Ethereum for $10.5M After $8.3M Sale – AInvest, https://www.ainvest.com/news/ethereum-news-today-arthur-hayes-rebuys-ethereum-10-5m-8-3m-sale-volatility-2508/

[5] Arthur Hayes Reenters Ethereum After Quick Profit-Taking Exit – Coindoo, https://coindoo.com/arthur-hayes-reenters-ethereum-after-quick-profit-taking-exit/