- Arthur Hayes buys back Ethereum at over $4,150 per ETH.
- Utilized $10.5 million in stablecoins for the purchase.
- On-chain data corroborates the substantial transaction.
Arthur Hayes, co-founder of BitMEX, repurchased Ethereum with $10.5 million USDC at prices over $4,150, reversing a previous sale, confirmed via his official Twitter account.
The transaction signals significant market movements, reflecting Hayes’ strategic trading influence, potentially impacting Ethereum’s price trends and overall market sentiment.
Arthur Hayes, known for his pivotal role in BitMEX, has confirmed his latest Ethereum transaction via his official X account. He purchased ETH at a price notably higher than his earlier sale, marking a significant financial commitment utilizing $10.5 million USDC.
Hayes capitalized on Ethereum (ETH) despite prior sales, distributing 2,373 ETH for $8.32 million a week earlier. His statements have caught market observers’ interest, highlighting his continuing influence and the rapid capital rotation into ETH.
The move by Hayes has instigated market discussions, focusing on the timing and potential implications for Ethereum. Market analysts continually monitor such transactions for potential signals on market trends and investor behavior.
Arthur Hayes’ actions might hint at broader market trends, reflecting confidence in Ethereum’s prospects despite short-term volatility. Such decisions by known figures often ripple through crypto industries, influencing broader market dynamics and investor sentiment.
Historically, similar purchasing behavior by influential figures heralds significant market shifts. “Had to buy it all back, do you forgive me @fundstrat? I pinky swear, I’ll never take profit again,” Arthur Hayes humorously remarked, suggesting potential implications for the Ethereum market and crypto space at large.
