He promised to not take income from his ETH holdings just some months in the past.
Knowledge from Lookonchain indicated that Arthur Hayes, the previous CEO and co-founder of BitMEX, had gone on one other promoting spree by dumping a number of altcoins.
The primary batch reported by the analytics firm indicated that he disposed of 520 ETH, 2.62M ENA, and 132,730 ETHFI in just some hours.
Arthur Hayes(@CryptoHayes) seems to have offered 520 $ETH($1.66M), 2.62M $ENA($733K), and 132,730 $ETHFI($124K) 4 hours in the past.https://t.co/loeYKUb9rN pic.twitter.com/NDEJlxGiWn
— Lookonchain (@lookonchain) November 16, 2025
The crew up to date later that the gross sales continued. This time, he doubled down on ETH and ENA by offloading $820,000 value of the previous and $651,000 value of the latter. He additionally offered $480,000 in LDO, $289,000 in AAVE, and $209,000 in UNI.
His newest promoting strikes got here after the latest crypto market crash. Recall that BTC, alongside nearly all altcoins, dumped arduous on Friday. Bitcoin plunged to a six-month low of $94,000, whereas ETH dipped to $3,100. Apparently, there’s one evident exception from the alts, which Hayes has been brazenly supporting for the previous a number of weeks.
Amid the remainder of the altcoin calamity, ZEC is up by 26% weekly and greater than 220% month-to-month. Hayes praised the privateness coin’s transfer and mentioned it’s higher than XRP on X.
Recall that the Maelstrom exec offered off a good portion of his alt holdings again in August as effectively. On the time, he warned that the crypto market is due for an additional pullback.
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Nevertheless, that’s not what passed off, because the market began to get well and he needed to reaccumulate ETH at increased costs. Afterward, he “pinky” swore that he would by no means take a revenue once more.
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