Here’s what Hayes sold in the past few days as the market’s struggles continue.
The former CEO of the now-closed derivatives exchange BitMEX is back in selling mode, with on-chain data showing that he disposed of more than $20 million worth of cryptocurrencies in just days.
The latest transactions add another chapter to his unusual trading history, in which he has repeatedly accumulated ETH and then sold substantial portions shortly afterward.
Hayes Dumps $22M in Crypto
According to data from Lookonchain, wallets associated with Arthur Hayes sold approximately $22.28 million worth of various altcoins, with the leader of the niche accounting for the overwhelming majority of the total. The biggest transaction involved 6,400 ETH worth approximately $15.2 million.
The BitMEX co-founder also disposed of 14 million ENA tokens valued at $2.76 million, 323,000 UNI worth $2.24 million, and 1.89 million ETHFI worth around $1.23 million. His remaining sales included over 546,600 AERO, 120,000 PENDLE, and 3 million ZAMA.
Arthur Hayes (@CryptoHayes) is dumping $22.28M worth of tokens!
Including:
6,400 $ETH ($15.2M),
14M $ENA ($2.76M),
323,000 $UNI ($2.24M),
1.89M $ETHFI ($1.23M),
546,609 $AERO ($398K),
120,000 $PENDLE ($244K),
3M $ZAMA ($214K).https://t.co/gau6egd7Vm
https://t.co/DXKXubxP65 https://t.co/wV19JL4o6S— Lookonchain (@lookonchain) October 24, 2026
The move is especially interesting because Hayes has remained publicly bullish on Ethereum. In late September, he predicted that the leading altcoin could skyrocket to $10,000 by the end of the year, arguing that Ethereum is still the most secure layer-one network and is capable of accommodating substantial amounts of capital.
However, he has frequently disposed of major quantities of certain assets during market uncertainty, which has reigned for the past week or so.
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Not The First Time
The Maelstrom CIO accumulated ETH heavily in July as the asset rallied, ultimately purchasing more than 7,200 tokens for nearly $14 million at an average price of $1,923. Shortly after, though, the cryptocurrency pulled back, and he deposited 2,364 to Cumberland and Galaxy Digital at an estimated selling price of $1,821, realizing a loss of around $241,000 on that portion of the position.
The move came after another notable reversal in which he had sold more than $10 million worth of ETH at prices below $1,700 before buying back once again once the asset recovered to over $1,900. By late July, Lookonchain reported that he had spent another $7.47 million to acquire 3,915 ETH at an average price of $1,909.
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