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

Share this text

BitMEX co-founder Arthur Hayes bought roughly $13 million price of crypto belongings on Friday, together with Ethereum, Ethena (ENA), and Pepe (PEPE), amid a market-wide decline, in accordance with blockchain analytics platform Lookonchain.

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

— Lookonchain (@lookonchain) August 2, 2025

The gross sales comprised 2,373 ETH, 7.7 million ENA, and round 39 billion PEPE tokens. Over the previous 24 hours, Ethereum fell 5% to under $3,600, whereas each PEPE and ENA declined about 2%, CoinGecko information exhibits.

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

Hayes had amassed over 2 million ENA tokens after the Anchorage Digital and Ethena Labs announcement, constructing his place to 7.7 million tokens earlier than right this moment’s sale.

Arthur Hayes(@CryptoHayes) purchased 2.16M $ENA($1.03M) right this moment from #Binance, #GalaxyDigital, #Flowdesk, and at present 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 recent tariffs, which triggered a wave of risk-off sentiment. Most altcoins adopted BTC because the bullish momentum pale.

Hayes beforehand predicted that crypto markets would transfer sideways to barely decrease between early July and Fed Chair Jerome Powell’s Jackson Gap Symposium speech in August, the place he anticipated Powell would possibly sign an finish to quantitative tightening or announce regulatory modifications.

Share this text