Arthur Hayes, CIO of the Maelstrom Fund, has reinvested in Ethereum just days after selling, as ETH prices surge above $4,000.
Arthur Hayes Back in the Game
Arthur Hayes purchased 1,500 ETH at an average price of $4,233, spending $6.35 million. His return to the market contrasts with his recent sale of 2,373 ETH for $8.32 million, when he warned of potential macroeconomic risks that could drop prices to $3,000.
Investment Details
In addition to ETH, Hayes also acquired 425,000 Lido DAO tokens worth $557,000 and 420,000 ETHFI tokens worth $517,000. Overall, his latest investments included over $1.5 million in Pendle.
Overall Ethereum Market
Recent data shows that 97% of Ethereum addresses are currently in profit. Over the last month, Ethereum's total value locked has increased by 30% to $91.99 billion. Its market capitalization has hit $510 billion.
Arthur Hayes' recent investments in Ethereum highlight a growing confidence among institutional investors in the cryptocurrency amid significant price increases.
