Key Takeaways:
Arthur Hayes bought 1,939 Ether on July 15, reversing course weeks after selling 6,000 ETH at an estimated $606,000 loss, on-chain data show.
The purchases were flagged by on-chain analytics platform Onchain Lens, which traced the flow of funds from Hayes' wallet through prime broker FalconX and Galaxy Digital.
Hayes first sent $1.25 million in USDC to FalconX. Minutes later, Galaxy Digital transferred 646.33 ETH worth $1.24 million to his wallet — a pattern Onchain Lens identified as a likely over-the-counter trade. Hayes then bought an additional 1,293 ETH ($2.48 million), bringing his single-day total above 1,900 Ether. ETH traded near $1,920 at publication, up 2.79% over the past 24 hours, with a market capitalization of roughly $231 billion, according to CoinGecko.
The reversal adds to a pattern of controversial trades this year. Hayes sold 6,000 ETH at a loss in late June, weeks after building that position, and simultaneously exited positions in Worldcoin, Zcash, NEAR Protocol and Hyperliquid, citing energy prices and AI-linked IPOs as risks. He also bought $2.2 million worth of Synapse's SYN token in late June; SYN has since fallen more than 55%, leaving Hayes roughly 28% underwater on an unrealized loss of about $610,000.
Hayes has fared better on Bitcoin. His $40,000 bottom prediction from June found an echo weeks later when a major Chinese mining firm projected a similar floor, citing him. Whether this ETH accumulation fares better than his SYN trade will depend on whether Ethereum can hold support near $1,900 through the remainder of July.
This article is for informational purposes only and does not constitute investment advice.
