Arthur Hayes, co -founder of Crypto Exchange Bitmex, seems to have reversed the course in an important ether (Eth) Commerce only a few days after the warning of a market recession.
Last week, Arkham Intelligence data showed that Hayes sold 2,373 eth worth around $ 8.32 million, when the second largest cryptocurrency was quoted by about $ 3,500 and moved to Stablecoins.
This weekend, however, it seems to have a change of mind.
Hours, the data seen for the first time for Lookonchain showed that an address linked to Hayes moved $ 10.5 million in USDC to buy Ether, with the price of the cryptocurrency now around around $ 4,200.
The movement occurs after you have liquidated more than $ 13 million in cryptography last week, including Ethena
and Meme Token Pepe.
At that time, he cited US tariffs and dumbshest jobs than expected as winds against cryptography, predicting that Bitcoin could try $ 100,000 and Ether could visit $ 3,000 again.
However, Hayes’s rapid repurchase suggests that you can see the renewed rise in Ether. Hayes apparently confirmed the acquisition of ETH in an X post, saying that “he had to buy everything again” while sharing a ether price table.
