Arthur Hayes Dumps $22 Million in Crypto, Warns of More Pain
Arthur Hayes has bought about $22.28 million in crypto from Maelstrom’s directional e-book. Hayes, the household workplace’s chief funding officer, confirmed the exit on X and plans to take a seat out the market.
The submit is a shift from his tone earlier this month. On October 15, Hayes urged merchants to go lengthy Bitcoin (BTC) and Ethereum (ETH) and commerce an eventual bailout.
What Arthur Hayes Sold, and Why He Says He Left
Lookonchain data exhibits his greatest sale was 6,400 ETH, price $15.2 million. Hayes additionally bought 14 million Ethena (ENA) for $2.76 million and 323,000 Uniswap (UNI) for $2.24 million.
Smaller gross sales included 1.89 million Ether.fi (ETHFI) and stakes in Aerodrome Finance (AERO), Pendle (PENDLE), and Zama (ZAMA).
Hayes then confirmed the exit in a submit, citing macro and geopolitical dangers.
Did Hayes Sell at a Profit This Time?
Hayes says he took earnings on ETH and ENA. Lookonchain valued his 6,400 ETH at $15.2 million, or about $2,375 per coin, although his price for these cash isn’t public.
ENA presents a clearer comparability. In early August, he purchased 9.05 million ENA for about $773,000, or roughly $0.085 per token.
Lookonchain valued Saturday’s ENA sale at about $0.20 per token. Still, it’s unconfirmed whether or not the tokens bought are the identical ones purchased in August.
His latest bets fared worse. In mid-October, he bought Aerodrome, Pendle, and Zama tokens, Lookonchain reported.
He paid about $889,000 for them and bought them for about $856,000, primarily based on Lookonchain’s costs at every commerce. That leaves a loss of roughly $33,000.
The Slide Goes Beyond Hayes’ Tokens
His exit got here throughout a broader market downturn. Six of the seven tokens he bought are down over the previous month, in line with BeInCrypto Markets.
The decline additionally places Hayes’ earlier value targets in perspective. His September forecasts of $10,000 for ETH, $0.50 for ENA, and $2 for ETHFI stay well above current prices.
Broader market stress intensified this month. On October 15, crypto liquidations reached $942.1 million in 24 hours, with lengthy positions accounting for 91.6% of the whole.
On October 23, one other selloff despatched the Nasdaq down 2.6% and Bitcoin towards $81,400. Rising oil costs added to inflation considerations, placing financial coverage again in focus.
Why the Fed Is the Next Test
The Federal Reserve’s subsequent choice, due October 28, might form the outlook for threat belongings. The Fed raised charges to three.75%–4% on September 16, its first hike since July 2023. CME FedWatch data places the chances of a maintain at 90%.
The longer-term outlook stays unsure. Minutes from September’s meeting confirmed most officers anticipated one other hike by year-end. Hayes, against this, has argued that an eventual AI bailout would flood markets with new money.
His personal buying and selling historical past presents one more reason to observe how he handles the most recent exit. In August 2025, Hayes sold ETH near $3,507 and acquired again 9 days later at about $4,252.
A dealer who copied the transfer would have paid roughly 21% extra to reenter. For altcoin holders, the October 28 choice might assist decide whether or not Hayes’ newest exit proves well timed or untimely.
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The submit Arthur Hayes Dumps $22 Million in Crypto, Warns of More Pain appeared first on BeInCrypto.