Arthur Hayes, founder of BitMEX and one of the leading names in the crypto market, purchased 113.7 units of Ethereum (ETH), according to the latest blockchain data.
The transaction, valued at approximately $520,000, was conducted via Galaxy Digital's OTC (over-the-counter) platform. According to on-chain data, Hayes' purchase was made from address 0x6cd66dbdfe289ab83d7311b668ada83a12447e21.
Analysts predict that Hayes' move may be just the beginning, and that he may invest more ETH or different altcoins in the near term.
Arthur Hayes is known for his timely trading in the crypto market. His strategic purchases, particularly during downturns, often coincide with subsequent uptrends. Therefore, investors believe Hayes' Ethereum position reflects his anticipation of a new uptrend in the DeFi and Layer-1 ecosystem.
The Ethereum price has been trading above $4,500 in recent weeks, and the market is showing signs of recovery amid renewed institutional interest. Hayes' latest investment is being interpreted as a sign of confidence in this uptrend.
Market analysts note that Hayes' new purchases will be closely monitored through on-chain data and that these transactions could create new momentum for the Ethereum ecosystem in the short term.
*This is not investment advice.