Arthur Hayes, the co-founder of BitMEX and the man who probably thinks about crypto even in his sleep, has been playing musical chairs with his ETH stash.
December saw Hayes shuffling ETH into exchanges faster than a teenager swiping left on Tinder. Investors, naturally, concluded he was selling. Because, well, duh.
His portfolio? It’s looking more stablecoin-heavy than a banker’s ego, with ETH taking a backseat. Rebalancing, he calls it. We call it chaotic energy.
Hayes May Have Sold Enough ETH to Buy a Small Island 🏝️
According to Lookonchain (aka the crypto gossip column), Hayes dumped another 682 ETH-worth a cool $2 million-into Binance. What’s he doing with the cash? Rotating into DeFi tokens like a DJ spinning the decks.
Arthur Hayes(@CryptoHayes) just shoved 682 $ETH($2M) into #Binance for sale and bought DeFi tokens because… why not?
Over the past week, he’s sold 1,871 $ETH($5.53M) and acquired 1.22M $ENA($257.5K), 137,117 $PENDLE($259K), and 132,730 $ETHFI($93K).…
– Lookonchain (@lookonchain) December 24, 2025
Earlier, BeInCrypto reported Hayes transferred 508.6 ETH ($1.5 million) to Galaxy Digital. Because who doesn’t need a spaceship-sized brokerage firm?
All in all, Hayes sold about 1,871 ETH ($5.53 million) and bought a buffet of DeFi tokens. ENA, PENDLE, ETHFI-sounds like a bad sci-fi lineup.
Fun fact: these tokens have tanked by 80-90% this year. Hayes, ever the optimist, is scooping them up like they’re discounted NFTs. Future returns, he says. We say, good luck, mate.
“We’re ditching ETH for DeFi tokens because they’ll outperform when fiat liquidity improves,” Hayes declared. Sure, Jan.
But let’s peek at his portfolio, shall we? Arkham data shows Hayes’ ETH stash has shrunk faster than a glacier in July-from 16,000 ETH in 2022 to 3,160 ETH now. That’s 3,440 ETH gone. Poof.
Meanwhile, stablecoins now make up over 60% of his $74 million portfolio. USDC, specifically, has ballooned from $1 million to nearly $48 million since mid-November. Talk about playing it safe.
Typically, this means he’s either waiting to buy the dip or he’s channeling his inner Scrooge McDuck. Either way, Hayes is holding more stablecoins than a toddler clutching their favorite toy.
Remember when Hayes predicted Ethereum could hit $20,000? And that holding 50 ETH could make you a millionaire by the next U.S. election? Yeah, that’s either visionary genius or wishful thinking. Probably both.
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2025-12-24 12:38