Key takeaways
- Arthur Hayes sold an additional 682 Ethereum on Wednesday, worth approximately $2 million.
- The move follows a similar trade executed over the weekend, when Hayes traded 680 ETH for 1.2 million ENA.
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BitMEX co-founder Arthur Hayes sold 682 Ethereum worth around $2 million on Tuesday, according to data tracked by Lookonchain.
Arthur Hayes(@CryptoHayes) has just filed 682 more $ETH($2 million) in #Binance to sell and transform into high-quality DeFi tokens.
Over the past week, he has sold a total of 1,871 $ETH($5.53 million), and purchased 1.22 million $ENA($257.5,000), 137,117 $PENDLE($259,000) and 132,730 $ETHFI($93,000).… pic.twitter.com/2mddOY3H1t
– Lookonchain (@lookonchain) December 24, 2025
Hayes also increased his exposure to decentralized finance tokens, purchasing Ethena (ENA), Pendle (PENDLE), and Ether.fi (ETHFI), with total purchases valued at approximately $609,000.
The latest transactions build on activity from last weekend, when Hayes traded 680 ETH for 1.2 million ENA tokens. Hayes said he was reducing exposure to Ethereum in favor of certain DeFi assets that he believed could benefit more directly from improving liquidity conditions.
The analyst had accumulated ENA earlier in 2025 before selling some of his holdings during periods of market weakness, resulting in realized losses on these positions.
