Arthur Hayes sells his entire ETH position at a loss

The community was quick to take notice of his recent actions and increase surveillance.

Arthur Hayes’ somewhat controversial and sporadic behavior in terms of crypto buying and selling continues, this time with Ethereum.

According to on-chain data provided by Lookonchain, the former CEO of BitMEX has now divested his entire ETH position, which he acquired a few days earlier. Moreover, he sold at a loss.

Hayes sells a few days later

Its latest wave of Ethereum accumulation began on June 17. At the time, Hayes purchased 1,400 ETH for $2.51 million, but continued to acquire more tokens in the following days, including a $2.63 million purchase for 1,500 units. In total, he raised 5,900 ETH for $10.58 million at an average price of almost $1,800.

However, Lookonchain analysts informed that it sold even more than that on Friday. Wallets linked to it disposed of 6,000 ETH for $10.14 million, resulting in a loss of over $600,000 in days.

Arthur Hayes (@CryptoHayes) buys high and sells low again.

Over the past 4 days, it has accumulated 5,900 ETH ($10.58 million) at an average price of $1,793.

Just 4 hours ago, it dumped $6,000 ETH ($10.14 million) at $1,690, resulting in a loss of $606,000. pic.twitter.com/LVCqzyTDrc

– Lookonchain (@lookonchain) June 19, 2026

Given his recent conflict with the community over his behavior of shilling and then dumping the same alts he had rented, most of the comments under the original post were not kind, to say the least.

Interestingly, unlike most altcoins it has sold recently, which fell in price after the news was revealed, ETH is actually up slightly from its average selling level at over $1,720.

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Other whales buy

At the same time, other data from the same monitoring source indicated that other large market players are buying in bulk. A wallet linked to K3 Capital withdrew 10,000 ETH (worth over $17 million at press time) from Binance. Another, linked to Chun Wang, purchased and transferred 7,650 ETH ($13 million) from the world’s largest exchange.

These acquisitions came as analysts continued to debate whether the second-largest altcoin had neared its potential bear market bottom. In fact, some believe that ETH will find a bottom faster than BTC.