Crypto & Forex August 2, 2025 0 Comments

Why Did Arthur Hayes Just Dump $13 Million in ETH, PEPE, and ENA? The Market Signal Every Investor Needs to Decode Now!

When the crypto market throws a curveball, where do the heavy hitters pile their chips? BitMEX co-founder Arthur Hayes just decided to shed a cool $13 million in ETH, PEPE, and ENA tokens amidst a sharp market pullback. Is this a savvy move signaling caution or a canary in the coal mine for digital assets? With Ethereum dipping below $3,600 and market momentum starting to wane, Hayes’ strategic selloff raises some intriguing questions about timing and confidence in the crypto rollercoaster. Let’s dive into the details behind this high-stakes selloff and what it might mean for the broader crypto scene. LEARN MORE

Arthur Hayes offloads $13 million in ETH, PEPE, and ENA amid market pullback

Home » Markets » Arthur Hayes offloads $13 million in ETH, PEPE, and ENA amid market pullback

Industry leaders adjust holdings as digital asset prices decline sharply across major token categories.

Key Takeaways

Arthur Hayes sold approximately $13 million in ETH, PEPE, and ENA during a market dip.
The sales included 2,373 ETH, 7.7 million ENA, and nearly 39 billion PEPE tokens.

BitMEX co-founder Arthur Hayes sold approximately $13 million worth of crypto assets on Friday, including Ethereum, Ethena (ENA), and Pepe (PEPE), amid a market-wide decline, according to blockchain analytics platform Lookonchain.

Arthur Hayes(@CryptoHayes) sold 2,373 $ETH($8.32M), 7.76M $ENA($4.62M) and 38.86B $PEPE($414.7K) in the past 6 hours.https://t.co/1HymJRPhcj pic.twitter.com/MoJNKUjJaQ

— Lookonchain (@lookonchain) August 2, 2025

The sales comprised 2,373 ETH, 7.7 million ENA, and around 39 billion PEPE tokens. Over the past 24 hours, Ethereum fell 5% to below $3,600, while both PEPE and ENA declined about 2%, CoinGecko data shows.

ENA had gained over 40% to $0.7 in the past week following two key developments: the launch of USDtb, the first stablecoin compliant with the US GENIUS Act, by Anchorage Digital and Ethena Labs, and Ethena Foundation’s announcement of a $260 million ENA token buyback.

Hayes had accumulated over 2 million ENA tokens after the Anchorage Digital and Ethena Labs announcement, building his position to 7.7 million tokens before today’s sale.

Arthur Hayes(@CryptoHayes) bought 2.16M $ENA($1.03M) today from #Binance, #GalaxyDigital, #Flowdesk, and currently holds 7.76M $ENA($3.73M).https://t.co/1HymJROJmL pic.twitter.com/uB1DWSU2JP

— Lookonchain (@lookonchain) July 25, 2025

Friday’s market downturn was marked by Bitcoin’s plunge to $113,000 following President Trump’s announcement of new tariffs, which triggered a wave of risk-off sentiment. Most altcoins followed BTC as the bullish momentum faded.

Hayes previously predicted that crypto markets would move sideways to slightly lower between early July and Fed Chair Jerome Powell’s Jackson Hole Symposium speech in August, where he anticipated Powell might signal an end to quantitative tightening or announce regulatory changes.