Arthur Hayes, co-founder of BitMEX, made significant cryptocurrency purchases in the last 24 hours, adding Ethereum and a few DeFi tokens to his portfolio.
Large Investments in Ethereum
According to Arkham data, Hayes purchased **1,500 ETH**, valued at approximately $6.35 million. This move reinforces his confidence in Ethereum's long-term potential.
Expansion into the DeFi Sector
Beyond Ethereum, Hayes also expanded his investments into established DeFi projects. His acquisitions include **425,000 Lido DAO (LDO)** tokens worth about $557,000, as well as **420,000 ETHFI tokens** valued at approximately $517,000. Additionally, he acquired **185,000 PENDLE tokens**, valued at around $1.02 million.
Strategy and Market Sentiments
These purchases, totaling around $8.4 million, come amid mixed sentiment in the crypto market. While some investors remain cautious, Hayes appears to be focused on long-term gains, selecting projects with strong fundamentals and utility.
Arthur Hayes's actions signal his confidence in Ethereum and DeFi, highlighting the importance of choosing sustainable projects for long-term investment.
