TLDR
- Arthur Hayes sold over $2.5 million worth of ETH, ENA, and ETHFI in recent transactions.
- The former BitMEX CEO continued his sell-off after a major market crash.
- Hayes also liquidated $480,000 in LDO, $289,000 in AAVE, and $209,000 in UNI.
- ZEC remained the only altcoin to show a strong performance despite the market downturn.
- Hayes praised ZEC for outperforming other assets like XRP during the market dip.
The cryptocurrency world is never dull, and recent activities by Arthur Hayes, the former CEO of BitMEX, are a testament to that. According to analytics from Lookonchain, Hayes has been on an aggressive selling spree, liquidating a striking amount of ETH, ENA, and ETHFI along the way. With a total exceeding $2.5 million in various assets, his moves are raising eyebrows across the market.
Arthur Hayes Sells Ethereum (ETH) Holdings
Following a notable downturn in the cryptocurrency market, Hayes sold 520 ETH in a series of transactions. This significant sell-off had a notable impact on Ethereum’s market dynamics, especially given that he later liquidated an additional $820,000 worth of ETH just a few hours after the first sale.
Arthur Hayes(@CryptoHayes) appears to have sold 520 $ETH($1.66M), 2.62M $ENA($733K), and 132,730 $ETHFI($124K) 4 hours ago.https://t.co/loeYKUb9rN pic.twitter.com/NDEJlxGiWn
— Lookonchain (@lookonchain) November 16, 2025
The backdrop of these sales is noteworthy. The cryptocurrency market has been volatile, with Bitcoin and numerous altcoins experiencing sharp declines. At one point, Ethereum dropped to around $3,100, and this bearish trend coincides closely with Hayes’ selling activity.
Alongside his ETH sales, Hayes liquidated a staggering 2.62 million ENA and 132,730 ETHFI. These transactions totaled over $1 million, underscoring his intent to reduce exposure to these altcoins amid increasingly tough market conditions.
Hayes Continues to Offload Other Altcoins
The shift in Hayes’ portfolio extends beyond just ETH. Along with his earlier transactions, he offloaded other significant altcoins: a liquidation of $480,000 in LDO, $289,000 in AAVE, and $209,000 in UNI. This broad spectrum of sales illustrates a strategic approach to minimize his investments in a variety of digital assets.
Amid this turbulent trading atmosphere, a notable exception has emerged. ZEC has shown surprising resilience, managing to outperform many of its peers even as the broader market struggled. Hayes specifically pointed out ZEC’s robust performance, claiming it surpassed XRP and others during the downturn. This divergence makes ZEC an asset of particular interest amid the current volatility.
