Arthur Hayes Reduces Ethereum Holdings for DeFi Investments
- Arthur Hayes, co-founder of BitMEX, sold 682 Ethereum worth approximately $2 million on Tuesday.
- This transaction follows a weekend trade where Hayes exchanged 680 ETH for 1.2 million ENA tokens.
- In the past week, Hayes has sold a total of 1,871 ETH valued at $5.53 million.
- He purchased decentralized finance tokens including Ethena (ENA), Pendle (PENDLE), and Ether.fi (ETHFI) with total purchases amounting to about $609,000.
- Hayes is shifting focus from Ethereum to select DeFi assets, aiming to capitalize on improved liquidity conditions.
Arthur Hayes continues to divest from Ethereum in favor of decentralized finance tokens, having sold over $5.53 million in ETH while investing significantly in DeFi assets like Ethena and Pendle.
Source (3.2)https://cryptobriefing.com/arthur-hayes-sells-ethereum-invests-defi-tokens/?rand=59535
