Billionaire crypto entrepreneur Arthur Hayes just initiated a new crypto purchase. Analysts at Lookonchain say Hayes moved $3.53 million worth of Ethereum (ETH)Billionaire crypto entrepreneur Arthur Hayes just initiated a new crypto purchase. Analysts at Lookonchain say Hayes moved $3.53 million worth of Ethereum (ETH)

Billionaire Arthur Hayes Abruptly Moves $3,530,000 in Ethereum, Pours $257,500 Into ETH-Based Altcoin

Billionaire crypto entrepreneur Arthur Hayes just initiated a new crypto purchase.

Analysts at Lookonchain say Hayes moved $3.53 million worth of Ethereum (ETH) in just over 24 hours.

Approximately $1.5 million of the ETH was sent to the institutional crypto asset firm Galaxy, suggesting Hayes may be looking to sell.

Meanwhile, Hayes used a portion of the $2.03 million in ETH that was not sent to Galaxy to purchase 1.22 million Ethena (ENA) tokens worth about $257,000 at time of publishing.

Amid the shuffle, Hayes noted he’s executing a rotation out of ETH on X.

“We are rotating out of ETH and into high-quality DeFi names, which we believe can outperform as fiat liquidity improves.”

Ethena’s ENA is the governance token for the Ethena protocol, a decentralized finance (DeFi) platform built on Ethereum that provides a crypto-native synthetic dollar called USDe.

Hayes has since been an investor in and promoter of the protocol since 2023, when he became a founding advisor through his family office Maelstrom and received ENA tokens in exchange.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
Shutterstock/Tomasz Makowski

The post Billionaire Arthur Hayes Abruptly Moves $3,530,000 in Ethereum, Pours $257,500 Into ETH-Based Altcoin appeared first on The Daily Hodl.

Market Opportunity
Ethereum Logo
Ethereum Price(ETH)
$2,926.69
$2,926.69$2,926.69
+0.04%
USD
Ethereum (ETH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Husky Inu (HINU) Completes Move To $0.00020688

Husky Inu (HINU) Completes Move To $0.00020688

Husky Inu (HINU) has completed its latest price jump, rising from $0.00020628 to $0.00020688. The price jump is part of the project’s pre-launch phase, which began on April 1, 2025.
Share
Cryptodaily2025/09/18 01:10
Mind Reading: Tay And Taylor Lautner Are Growing Their Mental Health Platform

Mind Reading: Tay And Taylor Lautner Are Growing Their Mental Health Platform

The post Mind Reading: Tay And Taylor Lautner Are Growing Their Mental Health Platform appeared on BitcoinEthereumNews.com. The Lautners on the set of their podcast The Squeeze Chanelle Whitacre When life gave them lemons, Tay and Taylor Lautner decided to double down on mental health aid. The couple—one who’s spent the lion’s share of his life in the celebrity spotlight and the other who was working as a hospital nurse at the outset of Covid—realized their shared passion for destigmatizing and supporting mental health during the pandemic through their own personal experiences. “Obviously Taylor has been in the spotlight for a very long time and Covid was the time for him to sit and think. And we both kindof were dealing with our mental health at the same time, even though at completely different ends of the spectrum. I think it’s really cool that we got to do it together because we’ve really learned how to rely on the other,” Tay Lautner says. “I went through a few months of just becoming kindof a shell of a human and not realizing it because there’s no time to think about yourself when there are people who are dying. It didn’t really hit me until one day Taylor pointed it out to me. He was like, ‘Hey, are you OK?’ And I was like, ‘Yeah, you know, I just worked three nights in a row and I’m tired but I’m fine.’ And he said, ‘No, are you really doing OK though?’ That was the first time I had ever been asked that or ever really thought about checking in with myself.” After a difficult decision to leave her position when round-the-clock immersion in crisis and a bout with Covid took a significant toll on her mental health, Lautner says she knew she’d found a new calling. The result? Her founding of The Lemons Foundation, the pair launching a podcast…
Share
BitcoinEthereumNews2025/09/20 07:49
Brazil Integrates Crypto Into Formal Finance With Comprehensive Licensing Framework

Brazil Integrates Crypto Into Formal Finance With Comprehensive Licensing Framework

Brazil has taken a decisive step toward mainstream crypto adoption by introducing comprehensive licensing requirements for crypto service providers and bringing stablecoin flows under foreign exchange (FX) regulation. The move marks a structural shift: crypto in Brazil is no longer treated as an alternative asset class, but as regulated financial infrastructure.
Share
MEXC NEWS2025/12/25 17:02