Arthur Hayes resumed taking positions in Ethereum just days after making sales at a loss. On Wednesday, July 15, the executive acquired 1,293 ETH, equivalent to about US$ 2,48 million, according to data recorded on the blockchain.
Before this purchase, Hayes had already received 646 ETH, valued at approximately US$ 1,24 million, sent by Galaxy Digital. The sequence of operations drew attention for indicating a change in strategy weeks after he liquidated about 6,000 ETH at a loss.
The transactions took place within a short interval of time. Initially, Hayes transferred about US$ 1,25 million in USDC to broker FalconX. Minutes later, Galaxy Digital sent exactly 646,33 ETH to his wallet, in a pattern that on-chain analysts identified as a possible over-the-counter trade.
Shortly after this move, the investor returned to the market and made a new purchase of 1,293 ETH. As a result, the total acquired in just one day exceeded 1,900 ETH, reinforcing the repositioning in one of the market’s main cryptocurrencies.
This change comes amid a recent history of operations that have been generating debate among investors. Throughout the year, Hayes made relevant predictions and bets on assets such as SYN, HYPE, ZEC, NEAR, and WLD. In several cases, however, he ended up reducing or reversing his positions shortly afterward, consolidating a pattern of significant entries followed by discreet exits.
At the time of publication, Ethereum was trading near US$ 1.924, posting a 3% gain over the last 24 hours. The cryptocurrency’s market capitalization remained close to US$ 231 billion, securing the second position among the leading cryptocurrencies.
The new purchases reinforce the continued interest of large institutional investors and well-known figures in the sector, especially during moments of price recovery. Hayes’ behavior continues to be closely monitored, as his decisions frequently generate impact and discussions in the crypto market.
