Former BitMEX CEO Arthur Hayes, known for his bold predictions about Bitcoin (BTC) and altcoins, has made new purchases.
At this point, Arthur Hayes, who stated that he expected a decline in the short term and sold altcoins last week, bought Ethena ($ENA), $PENDLE and Ether.fi ($ETHFI) according to the latest data.
According to Onchainlens' post, an address thought to belong to Arthur Hayes received a total of $1.42 million worth of $ENA, $PENDLE, and $ETHFI from cryptocurrency market maker Cumberland in recent hours.
The withdrawals include two separate purchases of $250,000 and $571,000, along with $800,000 worth of $ENA, 218,000 $PENDLE ($589,800), and 330,000 $ETHFI ($257,400).
He Sold Altcoins Last Week!
It will be remembered that Hayes reduced his positions by transferring his assets of 520 $ETH (about $1.66 million), 2.624 million $ENA (about $730,000) and 132,000 $ETHFI (about $120,000) to institutional trading platforms such as Flowdesk, FalconX and Wintermute in the first post last week.
In the second post, Hayes sold off a total of approximately $2.45 million worth of altcoins: 260 $ETH (approximately $820,000), 2.40 million $ENA (approximately $657,000), 640,000 LDO (approximately $480,000), 1,630 AAVE (approximately $290,000), and 28,670 UNI (approximately $211,000).
Hayes also made a correct prediction last week when he predicted in a blog post that Bitcoin could fall to 80,000 or 85,000.
*This is not investment advice.