Arthur Hayes, co-founder of BitMEX, sold crypto assets totaling about $13.5 million in the last six hours. Information about his assets and reasons for selling is attracting interest in the cryptocurrency community.
Arthur Hayes's Crypto Asset Sales
According to on-chain data, Arthur Hayes sold 2,373 Ethereum (ETH) for approximately $8.6 million, 7.76 million Ethena (ENA) for around $4.56 million, and 38.87 billion Pepe (PEPE) for about $411,000.
Reasons for Sales and Price Predictions
Following the sales, Hayes shared his opinion on social media: "Why? The US has tariffs due in Q3… At least, that's what the market thinks after the nonfarm payrolls (NFP) data. None of the major economies can generate credit fast enough to boost nominal GDP. That's why Bitcoin will test $100,000, and Ethereum will test $3,000."
Current Market Situation
In recent days, the price of Bitcoin has fallen from $120,000 to $113,000, while Ethereum's decline was even more severe, dropping below $3,500 and down 2.8% in the last 24 hours.
Arthur Hayes's sale of crypto assets and his price predictions for Bitcoin and Ethereum highlight the current volatility in the cryptocurrency market and provide food for thought regarding the future of these assets.
