BitMEX co‑founder Arthur Hayes sold 6,000 Ethereum (ETH) on June 19 2026 at an average price of $1,690, generating roughly $10.14 million and incurring an estimated loss of $606 000.
Hayes’ Recent ETH Accumulation
In the four days preceding the sale, Hayes accumulated about 5,900 ETH, paying an average of $1,793 per token, which equated to a total outlay of approximately $10.58 million. The purchase was recorded by Lookonchain, a blockchain analytics platform that tracks on‑chain movements. This buildup reflected a typical investor strategy of buying during price weakness.
Market Contrast and Whale Activity
While Hayes reduced his exposure, other large‑scale participants were increasing their ETH holdings near key support levels, according to the same Lookonchain data. These contrasting moves suggest divergent expectations among crypto investors regarding the near‑term price direction. The divergent behavior highlights the dynamic nature of the blockchain market, where individual decisions can differ sharply from broader whale trends.