Arthur Hayes is Selling Ethereum (ETH) and Buying These Four Altcoins Instead!

Arthur Hayes, the former CEO of BitMEX, who has had a volatile investment history in altcoins, continues to make new purchases.

At this point, Hayes, who stated in recent weeks that he would sell his Ethereum holdings and buy DeFi altcoins instead, purchased Ethereum (ENA), Pendle, Lido Dao (LDO), and ETHFI.

During this process, Hayes sold 1,871 ETH worth $5.53 million and instead invested in DeFi altcoins.

According to Lookonchain, a cryptocurrency data platform, Hayes recently purchased $1.2 million worth of ENA, $1.7 million worth of PENDLE, $1.2 million worth of LDO, and $343,000 worth of ETHFI from Binance.

“Arthur Hayes bought more DeFi tokens.”

Over the past two weeks, he sold 1,871 shares of ETH (worth $5.53 million) and then bought the following:

961,113 PENDLE ($1.75 million)
2.3 million LDO ($1.29 million)
6.05 million ENA ($1.24 million)
491,401 ETHFI ($343,000)

*This is not investment advice.