Ethereum News Today: Arthur Hayes Sells $13.35M Crypto as Ethereum Drops 5%

Arthur Hayes, co-founder of the now-defunct crypto derivatives exchange BitMEX, sold $13.35 million in cryptocurrency on August 2, 2025, during a period of market turbulence. The sale included 2,373 Ethereum (ETH) units valued at approximately $8.32 million, 7.76 million Ethena (ENA) tokens worth $4.62 million, and 38.86 billion Pepe (PEPE) tokens valued at about $414,700 [1]. The transaction, identified by on-chain analytics firm Lookonchain, was executed within a six-hour window and triggered immediate market reactions [1].

Ethereum dropped more than 5% following the offload, while Ethena and Pepe also saw minor declines [1]. The move raised questions about Hayes’ strategy, particularly given his prior bullish statements on the market. Hayes, associated with Maelstrom Fund, has historically influenced market sentiment through both commentary and trades, despite often maintaining an optimistic tone on social media [1]. His latest action, however, has been interpreted by some as a more cautious stance, potentially reflecting broader concerns about liquidity or shifting market conditions.

Despite the market dip, the overall response to Hayes’ sale appeared relatively muted, with no sharp volatility reported. This suggests that the market may be absorbing large trades more steadily than in previous cycles, indicating a potential increase in resilience [1]. However, the event could still influence retail investor behavior, prompting either caution or panic-driven selling [1].

The sale also highlights the role of large institutional and individual traders in shaping crypto market dynamics. As a prominent figure with a history of influencing market trends, Hayes’ moves often act as a signal to both retail and institutional participants [1]. While no regulatory action has been linked to the transaction, it underscores the potential impact of influential traders on asset prices and investor sentiment.

For retail investors, the event serves as a reminder to maintain disciplined portfolio strategies. Hayes’ actions should not be seen as direct guidance for market direction but rather as a cautionary example of the importance of long-term planning and avoiding reactive decisions based on whale activity [1]. Tools such as Lookonchain and Whale Alert remain essential for tracking large trades and gaining insights into market liquidity and whale movements [1].

Historical trends suggest that while such events may cause short-term fluctuations, long-term market trends are ultimately shaped by broader macroeconomic factors. Investors are advised to focus on fundamentals and avoid overreacting to isolated large transactions [1].

Source:

[1] Arthur Hayes Crypto Sale: Urgent Insights from a $13 Million Offload — [https://coinmarketcap.com/community/articles/688d7804d8f4da6ca8c0ca04/](https://coinmarketcap.com/community/articles/688d7804d8f4da6ca8c0ca04/)