Former BitMEX CEO Arthur Hayes, known for his bold predictions about Bitcoin (BTC) and altcoins, has made new purchases.
At this point, Arthur Hayes, who stated that he expected a decline in the short term and sold altcoins last week, bought Ethena (ENA), PENDLE and Ether.fi (ETHFI) according to the latest data.
According to Onchainlens’ post, an address thought to belong to Arthur Hayes received a total of $1.42 million worth of ENA, PENDLE, and ETHFI from cryptocurrency market maker Cumberland in recent hours.
The withdrawals include two separate purchases of $250,000 and $571,000, along with $800,000 worth of ENA, 218,000 PENDLE ($589,800), and 330,000 ETHFI ($257,400).
He Sold Altcoins Last Week!
It will be remembered that Hayes reduced his positions by transferring his assets of 520 ETH (about $1.66 million), 2.624 million ENA (about $730,000) and 132,000 ETHFI (about $120,000) to institutional trading platforms such as Flowdesk, FalconX and Wintermute in the first post last week.
In the second post, Hayes sold off a total of approximately $2.45 million worth of altcoins: 260 ETH (approximately $820,000), 2.40 million ENA (approximately $657,000), 640,000 LDO (approximately $480,000), 1,630 AAVE (approximately $290,000), and 28,670 UNI (approximately $211,000).
Hayes also made a correct prediction last week when he predicted in a blog post that Bitcoin could fall to 80,000 or 85,000.
*This is not investment advice.