- Arthur Hayes sells $13.35M in crypto assets.
- Sales amid broader market downturn.
- Ethereum (ETH), Ethena (ENA), and Pepe affected.
BitMEX co-founder Arthur Hayes sold $13.35 million in crypto holdings on August 1, 2025, amid a broad market downturn, involving Ethereum, Ethena, and Pepe assets.
This significant sale by a major market player occurred as cryptocurrencies faced pressure from new US tariffs, highlighting the market’s vulnerability to macro-economic changes.
Market Dynamics and Hayes’ Strategic Response
BitMEX co-founder Arthur Hayes divested $13.35 million worth of crypto amid a market dip, signaling a shift from his recent bullish stance. The sales included Ethereum (ETH), Ethena (ENA), and Pepe (PEPE).
Hayes publicly forecasted a market uptrend on his verified X account. Despite these bullish forecasts, he liquidated significant holdings due to a market decline triggered by newly announced US tariffs.
The immediate effect saw Ethereum price drop 5% to below $3,600. Meanwhile, ENA and PEPE prices fell around 2%, reflecting the impact of such large-scale sales on market dynamics. LookOnChain highlights significant transactions in crypto
Financial implications of these sales are significant, indicating large holdings can create noticeable ripples. This aligns with observed volatility in assets post major sell-offs by high-profile figures like Hayes.
Market analysts note that Hayes’ actions may reflect broader sentiments about economic conditions. Additionally, the transactions highlight the potential for rapid changes in market attitudes.
The recent sales underscore the delicate balance of regulatory influences, technological evolutions, and financial strategies within the cryptocurrency ecosystem. JJCMoreno shares insight on recent crypto trends.
Historical data suggest volatility may increase when influential figures make sizable portfolio changes.
Arthur Hayes, Co-founder, Maelstrom (ex-BitMEX CEO), stated:
“I capitalized on a volatile market downturn by liquidating $13.35 million in ETH, ENA, and PEPE, coinciding with macro-economic shocks”source
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