Some of the recognizable and well-known figures within the cryptocurrency house has displayed a considerably controversial strategy to his Ethereum investments over the previous few months.
The newest information shared by Lookonchain doubled down on his sporadic strategy, as he had realized one other loss.
The analytics useful resource knowledgeable that the previous BitMEX CEO deposited practically 2,365 ETH into Cumberland and Galaxy Digital earlier at this time, and obtained 4.3 million USDC in return.
In accordance with the analysts, this meant that his promoting value was at $1,821 given the asset’s retreat over the previous few days from a multi-month peak of $1,980.
Hayes secured a sizeable lack of $241,000 (or 5.3%) on this commerce as a result of he went on an accumulation spree in the course of the aforementioned ascent from ETH. As beforehand reported, he purchased 7,213 ETH for $13.87 million at a median value of $1,923.
Arthur Hayes(@CryptoHayes) purchased excessive and offered low once more!
Over the previous 2 hours, he deposited 2,364.38 $ETH into Cumberland and Galaxy Digital, receiving 4.3M $USDC in return.
His promoting value was $1,821, leading to a lack of $241K (-5.3%).
He had beforehand purchased 7,213… pic.twitter.com/4AVZpjANZD
— Lookonchain (@lookonchain) August 1, 2026
What’s fascinating right here is that this isn’t the primary time Hayes has misplaced on ETH by shopping for excessive solely to promote low weeks later. His earlier main ETH commerce was a number of weeks in the past, when he collected at costs properly over $1,900 once more after the token jumped to $1,950.
As soon as it began to nosedive, although, Hayes was fast to unload his stash at a median value of beneath $1,700. Thus, he incurred one other main loss in simply weeks, whereas ETH’s value rebounded shortly after.
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