Arthur Hayes, co-founder of BitMEX, continued to withdraw ETH from his pockets and switch it to exchanges in December. These actions have led traders to consider he’s promoting ETH. The transfer could also be a part of a portfolio rebalancing plan he beforehand shared.
This exercise comes as his portfolio exhibits notable modifications. It now holds extra stablecoins and considerably much less ETH.
Arthur Hayes Might Have Offered Extra Than 1,800 ETH within the Previous Week
A latest report from Lookonchain, an account that tracks notable on-chain exercise, revealed that Hayes offered a further 682 ETH on Binance. The transaction was valued at roughly $2 million. He redirected the capital into DeFi tokens.
Arthur Hayes(@CryptoHayes) has simply deposited one other 682 $ETH($2M) into #Binance to promote and rotate into high-quality DeFi tokens.
Prior to now week, he has offered a complete of 1,871 $ETH($5.53M), and purchased 1.22M $ENA($257.5K), 137,117 $PENDLE($259K), and 132,730 $ETHFI($93K).… pic.twitter.com/2mddOY3H1t
— Lookonchain (@lookonchain) December 24, 2025
Earlier, BeInCrypto reported that Hayes transferred 508.6 ETH, valued at round $1.5 million, to Galaxy Digital.
In complete, Hayes offered roughly 1,871 ETH over the previous week. The estimated worth of those transactions reached $5.53 million. He used the proceeds to buy DeFi tokens, together with ENA, PENDLE, and ETHFI.
Value Efficiency of Tokens Bought by Hayes. Supply: TradingView
Knowledge exhibits that these tokens have declined by 80–90% thus far this yr. Hayes seems to be making the most of low costs. He expects these tokens to ship future returns. Beforehand, Hayes publicly shared his technique on his private X account.
“We’re rotating out of ETH and into high-quality DeFi names, which we consider can outperform as fiat liquidity improves,” he stated.
Nevertheless, a better examination of his portfolio construction utilizing Arkham knowledge reveals a major shift.
First, the quantity of ETH held in his pockets has steadily declined from 16,000 ETH in 2022. Since November, his ETH holdings have fallen from 6,500 ETH to three,160 ETH. This means gross sales of greater than 3,440 ETH throughout that interval.
Arthur Hayes’s Funding Portfolio. Supply: Arkham
In the meantime, out of a complete portfolio valued at $74 million, practically $48 million is held in USDC. Stablecoins now account for greater than 60% of the portfolio’s complete worth.
Arthur Hayes’s Funding Portfolio. Supply: Arkham
Arkham knowledge exhibits that Hayes elevated his USDC holdings from $1 million to almost $48 million since mid-November. This era additionally coincided with market sentiment remaining in worry to excessive worry territory.
Sometimes, rising stablecoin holdings sign both readiness to purchase dips or a cautious stance.
Beforehand, Arthur Hayes predicted that Ethereum might attain $20,000. He said that holding 50 ETH might make somebody a millionaire by the subsequent US presidential election.
The publish Arthur Hayes Sells Over 1,800 ETH as Portfolio Shifts Towards Stablecoins appeared first on BeInCrypto.
