Arthur Hayes sells more ETH and invests in DeFi tokens
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Arthur Hayes sold another 682 Ethereum worth about $2 million on Wednesday. The move follows a similar trade over the weekend in which Hayes exchanged 680 ETH for 1.2 million ESA.
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BitMEX co-founder Arthur Hayes sold 682 Ethereum worth approximately $2 million on Tuesday, according to data tracked by Lookonchain.
Arthur Hayes ( @CryptoHayes ) injected another 682$ETH ($2M) into #Binance to sell and spin high-quality DeFi tokens.
Last week he sold a total of 1,871$ETH($5.53M) and bought 1.22M$ENA($257.5K), 137,117$PENDLE($259K) and 132,730$ETHFI($93K)… pic.twitter.com/2tddOY
— Lookonchain (@lookonchain) December 24, 2025
By buying decentralized finance tokens, Ethena (ENA), Pendle (PENDLE) and Ether.fi (ETHFI), he increased his exposure to $609,000 in total purchases.
The latest trades build on last weekend's activity, when Hayes exchanged 680 ETH for 1.2 million ENA tokens. Hayes said he is reducing exposure to Ethereum in favor of select DeFi assets that he believes could benefit more from improved liquidity conditions.
The analyst had earlier accumulated ENN in 2025 before selling some of his holdings during periods of market weakness, resulting in substantial losses on those positions.
