Arthur Hayes has bought $16.43M worth of ETH and altcoins over the past five days.
His biggest purchase was 1,750 ETH worth $7.43M, now in profit by over $638K.
Only ETH and HYPE are in profit, while other holdings show moderate paper losses.
Arthur Hayes, the co-founder of BitMEX and one of crypto’s most closely watched traders, has returned to aggressive buying just days after unloading a significant chunk of his portfolio.
The trading legend’s recent spree follows a dramatic reversal in strategy. Earlier this month, Hayes sold off most of his holdings, including 2,373 ETH worth $8.32 million, converting them into stablecoins as he warned of potential market turbulence.
But just days later, with ETH trading near $4,600, Hayes moved $10.5 million in USDC uSDC$1.0024h volatility:0.0%Market cap:$67.69 BVol. 24h:$25.36 B
back into the market to buy ether, signaling renewed bullishness. In a post on X, he even admitted he “had to buy it all back” while sharing an ETH chart.
Had to buy it all back, do you forgive me @fundstrat ?
According to the latest portfolio breakdown, only ETH and HYPE are currently in profit, netting Hayes gains of $638,560 and $206,145 respectively.
Arthur Hayes Portfolio | Source: Lookonchain
The rest of the bag, ENA, LDO, PENDLE, and ETHFI, are showing moderate paper losses, with ENA down the most at $250,246. In total, his holdings stand at $16.43 million, up around $534,000 from his $15.9 million cost basis.
Hayes’ rapid flip from cautious to aggressive suggests he is positioning for a potential altcoin rally. His timing aligns with a broader shift in sentiment across the crypto market, where Ethereum strength has been leading talk of an altseason.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.