The community was quick to follow his recent movements and increase scrutiny.
Arthur Hayes’ controversial and somewhat erratic behavior regarding buying and selling cryptocurrencies continues, this time with Ethereum.
According to on-chain data provided by Lookonchain, the former BitMEX CEO has now disposed of his entire position in ETH, which he acquired just a few days ago. Moreover, it was sold at a loss.
Hayes sells after a few days
His most recent Ethereum accumulation spree began on June 17. At the time, it was Hayes Purchased 1,400 ETH for $2.51 million, but continued to acquire more tokens in the following days, including a $2.63 million purchase of 1,500 units. In total, he received 5,900 ETH for $10.58 million, with an average price of around $1,800.
However, analysts at Lookonchain reported that it sold more than that on Friday. The associated wallets dumped 6,000 ETH for $10.14 million, resulting in a loss of more than $600,000 in days.
Arthur Hayes)@CryptoHayes) He buys at a high price and sells at a low price again.
Over the past four days, it has raised 5,900 ETH ($10.58 million) at an average price of $1,793.
Just 4 hours ago, he got rid of 6,000 $ Ethereum($10.14 million) at $1,690, making a loss of $606,000.https://t.co/YIuiTiAoWm… pic.twitter.com/LVCqzyTDrc
– Loconchain (@loconchain) June 19, 2026
Given his speech Clash with society Given his behavior of shilling and then throwing away the same comments he was praising, many of the comments below the original post were not kind, to say the least.
Interestingly, unlike several recently sold altcoins, whose price dropped after the news was revealed, ETH actually rose slightly from its average selling level to over $1,720.
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Other whales buy
At the same time, more data from the same monitoring resources Shown Which other market participants buy collectively. A wallet linked to K3 Capital has withdrawn 10,000 ETH (worth over $17 million at press time) from Binance. Another company, linked to Chun Wang, purchased and transferred 7,650 Ethereum ($13 million) from the world’s largest exchange.
These acquisitions came as analysts continue to debate whether the second-largest altcoin is near the bottom of a potential bear market. In fact, some He believes That ETH will find a floor faster than BTC.
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