Arthur Hayes, co-founder of Crypto Exchange Bitmex, appears to reverse the course in the main ether (ETH) Trading a few days after warning of a market downturn.
Last week, data from Arkham Intelligence showed Hayes sold 2,373 ETH, worth about $8.32 million, when the second-largest cryptocurrency transaction was close to $3,500, and Moved into stablecoins.
However, this weekend, he seemed to have changed his mind.
The data was first discovered a few hours ago Lookonchain Showcased an address related to Hayes, moving back to Ether from $10.5 million USDC, now the price of cryptocurrency Hovering around $4,200.
The move comes after Hayes liquidated $13 million in more than $13 million in cryptocurrency last week
and meme token pepe.
At the time, he saw U.S. tariffs and work data that exceeded expectations as headwinds for cryptocurrencies, predicting that Bitcoin could test $100,000 and Ether might revisit $3,000.
However, Hayes’s quick buyback suggests he may see an Ether update rise. Hayes seems to confirm ETH’s acquisition in a post on X explain While sharing the ether price list, he “must buy all”.
