Arthur Hayes ‘Had to Buy It All Back’ After Selling $8.3M ETH Previously

Arthur Hayes, co-founder of crypto alternate BitMEX, seems to have reversed course on a serious ether (ETH) commerce simply days after warning of a market downturn.

Last week, knowledge from Arkham Intelligence confirmed that Hayes offered 2,373 ETH value round $8.32 million, when the second-largest cryptocurrency was buying and selling close to $3,500 and moved into stablecoins.

This weekend, nevertheless, he appears to have a change of coronary heart.

Hours in the past, knowledge first noticed by Lookonchain confirmed an deal with linked to Hayes moved out of $10.5 million in USDC to purchase again ether, with the worth of the cryptocurrency now hovering round $4,200.

The transfer comes after Hayes liquidated over $13 million in crypto holdings final week, together with ethena

and meme token pepe .

At the time, he cited U.S. tariffs and weaker-than-expected jobs knowledge as headwinds for crypto, predicting bitcoin might take a look at $100,000 and ether might revisit $3,000.

Yet Hayes’ fast buyback suggests he might even see renewed upside in ether. Hayes seemingly confirmed the acquisition of ETH in a publish on X, saying he “had to buy it all back” whereas sharing an ether value chart.