According to on-chain data, BitMEX founder Arthur Hayes’ wallet address has received multiple cryptocurrencies over the past 24 hours, including:
ETH: 1,750 coins, $7.43 million;
PENDLE: 184,610 coins, $1.02 million;
ETHFI: 420,000 coins, $516,000;
LDO: 424,863 coins, $556,000.
As of now, Arthur Hayes’ cryptocurrency holdings (excluding stablecoins) total approximately $50 million.
At the beginning of August, Arthur Hayes took profits by selling off cryptocurrencies such as ETH, ENA, and PEPE, and posted on social media stating that due to tariff policies, the global economy would be significantly affected, leading Bitcoin to retest the $100,000 support level, while Ethereum would pull back to $3,000.
Little did he know, the cryptocurrency market had just hit a bottom around the time of his post, and subsequently rebounded rapidly due to Trump signing an executive order allowing retirement funds to adopt cryptocurrencies.
Arthur Hayes also posted over the weekend admitting his mistake, jokingly saying, “I had to buy it all back. Can you forgive me, Thomas Lee (the board member of BitMine, the largest Ethereum holder)?” He added, “I swear I will never take profits again.”