Ethereum News Today: Arthur Hayes Reverses ETH Sell to Buy $7.93M at 20% Higher Price

Arthur Hayes, the Chief Investment Officer of Maelstrom Fund, has significantly reversed his recent bearish Ethereum (ETH) stance, entering a new wave of bullish trades in the last 19 hours by acquiring approximately $7.93 million worth of Ethereum and other DeFi tokens [1]. This move marks a sharp pivot from his earlier strategy, in which he sold 2,373 ETH for $8.32 million at $3,507 per ETH just days prior, citing concerns over macroeconomic headwinds potentially dragging the price below $3,000 [2]. However, following Ethereum’s rally to $4,300 and the continued strength of the broader altcoin market, Hayes has re-entered the market at nearly 20% higher prices [6].

Hayes’ latest purchase included 1,500 ETH at an average price of $4,233, valued at $6.35 million, along with 424,863 Lido DAO (LDO) tokens at $1.31, 420,000 ETHFI at $1.23, and 92,005 Pendle (PENDLE) at an average price of $5.51, totaling over $1.5 million [9]. These tokens represent some of the largest DeFi projects in the Ethereum ecosystem and underscore Hayes’ renewed confidence in Ethereum’s broader network growth and utility.

This buying spree aligns with a broader surge in institutional and large-cap Ethereum accumulation. An unidentified whale has amassed 221,166 ETH—worth nearly $946 million—over the past week via exchanges such as Galaxy Digital, FalconX, and BitGo. Public companies are also increasing their Ethereum holdings, with BitMine Immersion Technologies now controlling 833,137 ETH and SharpLink Gaming holding 521,900 ETH. Combined, 17 public companies hold nearly $6.9 billion in ETH [10].

Ethereum’s recent price performance has further validated Hayes’ shift in strategy. Over the last 30 days, ETH has surged by 42%, outperforming Bitcoin and reinforcing the ongoing "altcoin season" narrative. As of press time, Ethereum trades at approximately $4,235 [2]. The broader Ethereum ecosystem is also seeing strong performance, with tokens such as Ethena (ENA) and Lido DAO (LDO) posting gains of 30% and 55%, respectively, over the past seven days [1].

Hayes’ actions have been interpreted as a public signal of confidence in Ethereum’s long-term trajectory, particularly in the context of increasing institutional adoption and positive market dynamics. His recent trades reflect not only a personal strategic shift but also a broader bullish narrative within the crypto community, as more investors and entities accumulate Ethereum amid rising optimism [6].

Sources:

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

[2] Cryptopolitan, https://www.cryptopolitan.com/arthur-hayes-goes-long-ethereum-defi-tokens/

[6] Blockonomi, https://blockonomi.com/arthur-hayes-reverses-eth-trading-position-as-ethereum-surges-to-4200/

[9] MSN, https://www.msn.com/en-us/money/markets/arthur-hayes-is-back-to-buying-eth-above-4k-days-after-he-sold-83m-in-eth/ar-AA1KdMGU

[10] Blockchain, https://blockchain.news/flashnews/whale-buy-alert-arthur-hayes-buys-1-250-eth-424-863-ldo-420-000-ethfi-92-000-pendle-in-6-87m-on-chain-purchases