ETHFI Rallies 25% in a Week, and Arthur Hayes Pays Up to Get Back In
Arthur Hayes has purchased 1.9 million Ether.fi (ETHFI) tokens price $1.17 million, returning to a place he walked away from earlier this yr.
The BitMEX co-founder paid $0.62 per token. Onchain trackers put that entry properly above the extent the place he final bought the identical asset.
Arthur Hayes Chases ETHFI’s 25% Weekly Rally
Hayes bought 265,461 ETHFI at $0.44 in April, accumulating roughly $118,000 and reserving a loss. His new entry sits about 41% greater per token.
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Onchain analytics account Lookonchain surfaced the acquisition roughly 4 hours after it settled, flagging it as one other case of promoting low and shopping for high.
ETHFI has climbed 25.3% over the past week amid a broader market rally. This beats Bitcoin’s (BTC) 21.4% achieve, though Ethereum’s (ETH) 27.8% advance nonetheless leads. However, the token sits about 93% under its March 2024 document of $8.53.
ETHFI trades at $0.631 at press time, up 11.1% over 24 hours, in accordance to BeInCrypto knowledge. Market cap stands at $649.7 million, rating the token 92nd.
The sample of promoting low and shopping for high is just not new. BeInCrypto reviewed three wallets attributed to Hayes. Those wallets misplaced $2.47 million throughout 124 recorded trades between December 2023 and August 2026.
ETHFI accounted for $474,000 of these losses. Ethena (ENA) was the only profitable position, up $3.23 million.
For now, the ETHFI place sits marginally above water. Whether this commerce breaks the sample relies upon much less on the entry than on whether or not Hayes holds by way of the subsequent drawdown.
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The submit ETHFI Rallies 25% in a Week, and Arthur Hayes Pays Up to Get Back In appeared first on BeInCrypto.
