Veteran crypto trader and BitMEX co-founder Arthur Hayes appears to be betting big on Ethereum’s next rally.
Blockchain data shows that Hayes recently accumulated around 113.7 ETH, worth approximately $520,000, in a transaction processed through Galaxy Digital’s OTC desk – a move that has reignited speculation about his market outlook.
Hayes, well known for his contrarian timing, often enters the market during periods of consolidation or uncertainty. His latest purchase has been interpreted by some analysts as a signal that he expects renewed strength in Ethereum and the broader DeFi sector.
Historically, his strategic entries have aligned with the early stages of major uptrends, giving weight to the idea that a new accumulation phase could already be underway.
Ethereum’s price, which has hovered above $4,500 in recent weeks, has seen fresh momentum thanks to increased institutional interest and improving market liquidity. Against this backdrop, Hayes’ move is being viewed not just as a personal investment but as a reflection of growing confidence in the network’s long-term fundamentals.
Market watchers believe this may not be Hayes’ final play. On-chain analysts suggest additional purchases – either in Ethereum or high-performing Layer-1 tokens – could follow if current conditions hold.
Given his reputation for precision and patience, many investors are now treating Hayes’ activity as a subtle but powerful endorsement of Ethereum’s next growth cycle.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bitmex-founder-arthur-hayes-makes-strategic-ethereum-purchase/