Solana News Today: Arthur Hayes Joins Solana Treasury Advisory Committee Attracts Institutional Attention

Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of Maelstrom, has been dubbed the “Tom Lee of Solana” after joining the $SOL Treasury Advisory Committee at Upexi, a firm focused on Solana-based treasury solutions [1]. The label draws a comparison between Hayes and Tom Lee, a well-known Wall Street analyst known for his bearish stance on Bitcoin, implying that Hayes now plays a pivotal role in influencing Solana’s economic trajectory [1].

Hayes’ appointment to Upexi’s advisory committee was announced on X by the company, marking him as the first member to be added to the panel [1]. The mission of the advisory committee, according to Upexi’s official statement, is to compound value for shareholders and accelerate Solana’s adoption as foundational infrastructure for the decentralized future [1]. This move aligns with Solana’s broader goal of strengthening its institutional credibility and expanding its on-chain economic model.

The attention surrounding Hayes’ return to the crypto spotlight intensified recently, following his decision to add $7.43 million worth of altcoins to his personal portfolio [1]. His deep expertise in derivatives trading and macroeconomic insights are expected to contribute to Upexi’s digital asset strategy, enhancing its ability to navigate market volatility and capitalize on growth opportunities [1].

In addition to his role at Upexi, Hayes recently proposed that Tom Lee be appointed as the Head of the Ethereum Foundation [1]. Tom Lee, a prominent figure in investment circles, is also the chairman of BitMine, a major Ethereum treasury firm. BitMine recently announced plans to increase its Ethereum holdings by $20 billion, a move that has drawn comparisons to MicroStrategy and Michael Saylor’s large-scale Bitcoin accumulation strategy [1]. This development has sparked significant discussion among the crypto community, with many speculating on the long-term implications for Ethereum’s market dynamics.

If Tom Lee were to assume the role at the Ethereum Foundation, he would succeed Aya Miyaguchi, who became president of the foundation in March 2025 [1]. The appointment, if realized, could signal a shift in the foundation’s strategic direction, emphasizing economic and institutional growth over its traditional focus on protocol development [1].

Hayes’ dual involvement with both Solana and Ethereum highlights a growing trend in the crypto space: the influx of high-profile traditional finance professionals into blockchain infrastructure. His influence, both through his advisory roles and public commentary, is expected to have a tangible impact on how these ecosystems manage capital, develop tokenomics, and attract institutional interest [1].

The broader market is closely watching the unfolding developments, particularly as both Solana and Ethereum continue to position themselves as leading platforms for decentralized applications and financial innovation [1]. With strategic advisors like Hayes playing a more prominent role, the lines between traditional finance and crypto are likely to blur further, potentially reshaping the future of digital asset management.

Source:

[1] Arthur Hayes Dubbed 'Tom Lee of Solana' After Joining ...

https://www.thecoinrepublic.com/2025/08/12/arthur-hayes-dubbed-tom-lee-of-solana-after-joining-sol-treasury-advisory-committee/