Arthur Hayes Holds 7,213 ETH as FOMC Jitters Drives Ethereum Price Drop

Arthur Hayes added 3,298 ETH worth $6.39 million on July 28, roughly three hours before Ethereum’s spot price slid from $1,960 to $1,872, a drop that immediately raised the question of whether the BitMEX co-founder’s whale trading triggered the selloff.

The answer, grounded in the on-chain data, is no.

But the timing crystallizes a more interesting question about where Hayes is positioning for the next leg of this ETH cycle.According to Lookonchain, the July 28 purchase was Hayes’s largest single leg in a buying streak that began on July 15.

He has now accumulated 7,213 ETH at a total cost of $13.87 million, averaging $1,923 per ETH.