Arthur Hayes Claimed One Altcoin Would Quadruple, But According to Onchain Data, He Bought Another Altcoin!

Arthur Hayes, one of the most controversial figures in the cryptocurrency market, made a bullish statement regarding an altcoin in his latest announcement.

Hayes claimed in a post shared via X that the price of Ethereum ($ENA) would rise to $1. This statement came after the announcement that USDe, an Ethereum-linked stablecoin, would be listed by South Korea’s largest cryptocurrency exchanges, Upbit and Bithumb.

Hayes has previously made similar bullish posts regarding $ENA. At the time of writing, $ENA is trading at $0.24.

However, Hayes controversially sold $ENA in November, with an average selling price of $0.27.

Interestingly, onchain data revealed that Hayes made another altcoin purchase today. After a three-month hiatus, Hayes bought $499,000 worth of $HYPE, the token of the decentralized exchange Hyperliquid. Hayes, who was recently pardoned by US President Donald Trump, had similarly sold all of his $HYPE holdings at one point.

*This is not investment advice.