Arthur Hayes Dumps $28.8M in Tokens; ETH Whale Near Liquidation
Arthur Hayes sold $28.8M in tokens over 24 hours, pocketing $6.65M profit mostly from ETH and ENA. Separately, a whale holding 93,184 ETH in longs is down $18.62M unrealized and added margin to push liquidation below $2,180.
What we know
On-chain tracker an account on X reports Arthur Hayes dumped another 14M $ENA ($2.73M) in the last two hours, bringing his 24-hour total to $28.8M sold and $6.65M in profit. Meanwhile, a massive ETH bull with 93,184 ETH ($214M) in longs added $5.67M USDC in margin to stave off liquidation, now sitting on $18.62M in unrealized losses. Another account on X frames the Hayes dump as either a cycle top signal or a mean-reversion capitulation.
How the story developed
Arthur Hayes sold $28.8M in tokens over 24 hours, pocketing $6.65M profit mostly from ETH and ENA. Separately, a whale holding 93,184 ETH in longs is down $18.62M unrealized and added margin to push liquidation below $2,180.
Arthur Hayes dumped his entire directional crypto book (ETH, ENA, UNI, alts), citing macro and geopolitical uncertainty. Crypto Twitter immediately spun it as a local bottom signal, with historical data cited at 80% accuracy.
Arthur Hayes confirmed he sold all directional altcoin positions including ETH, ENA, and UNI, citing dicey macro and geopolitical conditions. Reaction is split between bearish confirmation and contrarian bullishness.
Crypto macro fund manager Arthur Hayes has exited his entire directional book — ETH, ENA, UNI and other alts — citing deteriorating macro and geopolitical conditions. Multiple traders are treating this as a major bearish signal.
Arthur Hayes liquidated his entire directional crypto book — $22M across ETH, ENA, UNI, and other altcoins — warning of macro and geopolitical headwinds. Market participants are split on whether this is a dip-buying signal or a genuine risk-off move.
Arthur Hayes announced he has dumped Maelstrom's entire directional trading book, taking profits on ETH, ENA, UNI and other altcoins. He cites dicey macro and geopolitical conditions and is waiting for an 'all clear' signal.
Multiple voices highlight that fragmented launches and PVP dynamics are destroying onchain alpha, while Arthur Hayes warns that Hyperliquid's HYPE has become a crowded consensus trade likely to underperform ETH and ZEC.
Two whales opened massive 10x leveraged long positions totaling $37.57M in ZEC on Hyperliquid over 15 hours, even as a separate trader warns the longs are suppressing a new all-time high.
Two whales opened $37.57M in 10x leveraged ZEC long positions on Hyperliquid over the past 15 hours, while a separate trader is long $20M with liquidation just below $1,200/ZEC — creating a fragile setup.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.