Arthur Hayes Starts Buying Back Altcoin He Recently Sold in Bulk

Arthur Hayes, a closely followed figure in the cryptocurrency market, has once again made headlines with a noteworthy on-chain transaction.

According to Arkham data, Hayes purchased 1.22 million ENA tokens approximately 30 minutes ago. The total value of the transaction was recorded as $257,500, with a purchase price of $0.21.

According to on-chain data, the total portfolio value of five different wallets linked to Arthur Hayes is $76.3 million. USDC, valued at $47.8 million, constitutes the majority of the portfolio, while Ethereum (ETH) and derivative staking assets (EETH, WEETH) also hold a significant share. Hayes’ ENA assets have reached 6.1 million with the latest purchase, reaching approximately $1.29 million.

This move aligns with Hayes’ recent strong bullish outlook for both macro and crypto markets. Hayes, an experienced investor and CIO of the Maelstrom fund, recently outlined an ambitious roadmap for Bitcoin over the next three months in a published analysis. He argues that the Fed is effectively increasing the money supply with its new program called “Reserve Management Purchases (RMP),” and that its effects are similar to quantitative easing (QE).

*This is not investment advice.