Arthur Hayes, co‑founder of the Maelstrom Fund, bought 1,400 Ether (ETH) worth approximately $2.5 million, signaling his return to the Ethereum market after recent criticism for selling other tokens.
Hayes’ Ethereum Purchase
Lookonchain identified a wallet associated with Hayes that transferred 1,400 ETH earlier today. The transaction’s estimated value reached $2.5 million, confirming Hayes’ renewed confidence in the blockchain asset.
Reaction from the Crypto Community
Social‑media users debated Hayes’ commitment to the position, with some labeling him a market manipulator based on his recent trading record. Others referenced his earlier token sales, arguing that his actions could influence price movements across the crypto market.
Recent Portfolio Adjustments
Hayes exited his entire Zcash (ZEC) holding after developers disclosed and patched a protocol vulnerability, selling the asset shortly after the issue became public. He also trimmed positions in Near (NEAR), Hype (HYPE), and Worldcoin (WLD) during heightened volatility, a series of moves that preceded noticeable price drops for those coins.