Arthur Hayes Does It Again: Buys ETH High, Sells It Low

One of the most recognizable and well-known figures in the cryptocurrency space has displayed a somewhat controversial approach to his Ethereum investments over the past few months.

The most recent data shared by Lookonchain doubled down on his sporadic approach, as he had realized another loss.

The analytics resource informed that the former BitMEX CEO deposited nearly 2,365 ETH into Cumberland and Galaxy Digital earlier today, and received 4.3 million USDC in return.

According to the analysts, this meant that his selling price was at $1,821 given the asset’s retreat over the past few days from a multi-month peak of $1,980.