Arthur Hayes Shifts Focus to DeFi Tokens After Ethereum Sell-Off
- Arthur Hayes sold 1,871 Ether tokens for $5.53 million.
- He purchased significant amounts of DeFi tokens, including PENDLE (961,113 tokens worth $1.75 million) and LDO (2.3 million tokens valued at $1.29 million).
- Hayes has withdrawn $2.52 million from exchanges to invest in DeFi assets.
- Over 60% of his crypto portfolio is now in DeFi tokens and stablecoins.
- PENDLE constitutes nearly half (48.9%) of his DeFi allocation.
Hayes’ shift towards DeFi investments comes amid concerns about increasing selling pressure on Ethereum, which remains below the $3k mark.
His recent actions highlight a strategic pivot from Ethereum to DeFi assets, with PENDLE making up a significant portion of his holdings following the sale of over $5 million in ETH.
