BitMEX co-founder Arthur Hayes sold a total of $13.35 million in crypto assets on August 1, 2025, during a general market downturn.
Hayes' Strategic Actions
Hayes divested from assets including Ethereum (ETH), Ethena (ENA), and Pepe (PEPE), indicating a shift from his recent bullish outlook. Despite his previous bullish forecasts, he chose to liquidate significant amounts due to declining prices triggered by new tariffs announced in the US.
Market Impact
Hayes' sales caused Ethereum's price to drop by 5%, significantly affecting the market. Prices for ENA and PEPE fell by 2%, reflecting the impact of such large sales on market conditions.
Overall Context and Conclusions
These actions highlight the fragile balance of the cryptocurrency market and the interconnection between financial strategies and regulatory impacts. Historically, volatility increases when influential figures make significant changes to their portfolios. Arthur Hayes commented on his actions: 'I capitalized on a volatile market downturn by liquidating $13.35 million in ETH, ENA, and PEPE, coinciding with macro-economic shocks.'
Hayes' sale of $13.35 million underscores significant economic shifts and the vulnerability of the crypto market to external factors.
