Arthur Hayes reverses, buys $2.48M in ETH after loss

Arthur Hayes bought 1,293 ETH for $2.48M on July 15, reversing his earlier sale of 6,000 ETH at a loss. His single-day ETH accumulation topped 1,900, drawing attention in the crypto market.

Arthur Hayes has shifted his trading approach by purchasing 1,293 ETH, valued at approximately $2.48 million, on July 15. This move comes after he previously sold 6,000 ETH at a loss in late June, marking a notable reversal in his strategy. The transactions were carried out in stages, including an over-the-counter deal where Hayes sent $1.25 million USDC to FalconX and received 646.33 ETH from Galaxy Digital. Earlier that day, his wallet also received an additional 646 ETH, bringing his total single-day accumulation to over 1,900 ETH. These high-profile trades have attracted significant attention within the crypto community, with many speculating on Hayes' renewed confidence in Ethereum. At the time of purchase, Ether was trading near $1,920, with a market cap of about $231 billion. The wallet addresses and transaction details have been made public, underscoring the transparency of these moves.