According to data from Arkham Intelligence, Hayes added to his positions in Ethena, Pendle, Ether.fi and Lido DAO on Tuesday evening.
- Arthur Hayes added over $2 million in DeFi tokens on Tuesday evening while continuing to sell Ethereum.
- Pendle became its largest DeFi position following the change in strategy.
- Price performance among Hayes’ DeFi picks was mixed on the day.
Arthur Hayes, chief investment officer and co-founder of Maelstrom, added more than $2 million worth of decentralized finance (DeFi) tokens to his portfolio on Tuesday as he continued to dump his Ethereum (ETH) stock.
According to Arkham Intelligence data, Hayes added to his positions in Ethena (ENA), Pendle (PENDLE), Ether.fi (ETHFI), and Lido DAO (LDO) late Tuesday. The largest purchase was Ether.fi, with approximately $250,000 worth of ETHFI tokens acquired, followed by LDO purchases totaling approximately $260,000. Hayes also purchased approximately $515,000 worth of PENDLE and nearly $1 million worth of ENA.
Since switching strategies earlier this month, Hayes has sold more than $5.5 million worth of Ethereum (ETH) in two weeks, according to Lookonchain. Pendle became Hayes’ largest accumulation, with assets valued at approximately $1.75 million. Lido DAO follows with around $1.29 million, Ethena close to $1.24 million, and Ether.fi with around $343,000.
Ethereum price increased slightly by 0.4% in the last 24 hours, trading below the $3,000 mark. On Stocktwits, however, retail sentiment around the leading altcoin has improved, moving from “extremely bearish” to “bearish” territory over the past day.
Hayes Tokens Show Mixed Performance
Hayes’ new wallet tokens showed mixed performance Tuesday evening. PENDLE price increased by 2.7% in the last 24 hours to around $1.92, outperforming others. Retail sentiment around the token on Stocktwits remained in “bullish” territory over the past day, even as discussions moved from “high” to “normal” levels.
LDO price was also in the green, up 0.2% over the past 24 hours to around $0.5893. The token has seen retail sentiment move into “bullish” territory over the past day, with discussions at “normal” levels.
Ethena is a laggard, with ENA price dropping 1.6% over the past 24 hours to around $0.20. On Stocktwits, retail sentiment around the altcoin moved from “neutral” to “bullish” territory over the past day, while discussions remained at “weak” levels.
ETHFI price was also in the red, down 0.7% over the past 24 hours to around $0.696. Retail sentiment around the token remained in the “bullish” zone, with discussions at “high” levels over the past day.
Read also: IPW Stock Gains, BMNR Adds to Ethereum Position as Crypto Stocks Tread Water
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