Arthur Hayes has intensified his Ethereum sales in December, offloading more than 1,800 ETH in recent weeks while redirecting capital into stablecoins and select DeFi tokens.
(Sources: Arkham)
Key Highlights
- Hayes sold approximately 1,871 ETH over the past week, worth around $5.53 million.
- Proceeds used to acquire undervalued DeFi tokens like PENDLE, ENA, and ETHFI.
- Portfolio now heavily weighted toward USDC (~$48 million, over 60% of total value).
On-chain monitoring from Lookonchain and Arkham Intelligence reveals aggressive rebalancing. In the latest move, Hayes deposited 682 ETH (~$2 million) to Binance, converting the funds into DeFi positions.
Earlier transactions included a 508.6 ETH transfer (~$1.5 million) to Galaxy Digital. Combined with ongoing sales, Hayes has reduced his ETH exposure dramatically—from 16,000 ETH in 2022 to just 3,160 ETH currently (a drop of over 3,440 ETH since November alone).
Portfolio Shift: From ETH to Stablecoins and DeFi
Arkham data shows Hayes’ total holdings valued at approximately $74 million, with a stark rotation:
- USDC: Nearly $48 million (up from $1 million in mid-November), representing more than 60% of the portfolio.
- ETH: Down to ~3,160 tokens.
- DeFi Tokens: Increased positions in PENDLE, ENA, and ETHFI—assets down 80–90% YTD but viewed by Hayes as high-conviction opportunities.
Hayes has been transparent about the strategy, stating on X:
“We are rotating out of ETH and into high-quality DeFi names, which we believe can outperform as fiat liquidity improves.”
The timing aligns with prolonged market fear (Fear & Greed Index in “fear” to “extreme fear” territory), suggesting Hayes is parking capital in stablecoins while awaiting better entry points or improved liquidity conditions.
Outlook and Past Predictions
Despite the ETH sales, Hayes remains long-term bullish on the ecosystem. He previously forecasted Ethereum reaching $20,000 and suggested that holding 50 ETH could create millionaire status by the next U.S. presidential election cycle.
His current moves appear tactical—capital preservation in stablecoins combined with selective bets on beaten-down DeFi protocols poised for recovery as monetary conditions ease.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
On-Chain Trader 0x049b Opens 20x Leveraged Long on BTC and ETH, Accumulates $5.17M Profit in Two Months
A trader known as 0x049b has opened a 20x leveraged long position, buying 269 BTC and 8,586 ETH. Over two months, they executed 47 trades, achieving a 63.83% win rate and a total profit of $5.17 million.
GateNews1h ago
Gate Idle Coin Wealth ETH 7-day fixed-term financial management additional reward pool is live; subscribe to enjoy a 10% annualized return bonus.
Gate News, according to Gate’s official announcement
Gate’s Yuebi Bao launches an ETH 7-day term wealth management product with an additional rewards pool. Subscription users can enjoy a 10% annualized return bonus. This rewards pool cumulatively provides 500,000 OFC in additional rewards, using a first-come, first-served mechanism.
The additional rewards will be distributed to users’ accounts on a daily basis in the form of an equivalent amount of OFC. The platform has an overall cap on the total activity rewards and a limit on the maximum amount each individual user can receive.
GateAnnouncement3h ago
USDC Treasury Mints 250 Million USDC on Ethereum Network
On April 15, 2025, the USDC Treasury minted 250 million USDC on Ethereum, indicating potential institutional demand. USDC is backed by dollar reserves and operates under regulatory frameworks like the U.S. Stablecoin Act of 2024.
GateNews4h ago
BlackRock Bitcoin ETF pulls in 612 million yuan over seven days, and investors keep adding to their positions despite losses
Data from April 13 shows that weekly net inflows into Bitcoin spot ETFs reached $786 million. Of this, BlackRock’s IBIT accounted for $612 million alone, indicating market concentration. Although IBIT investors are facing paper losses, they continue to add to their positions, reflecting an institutional strategy of lowering the average cost through averaging. For other crypto assets, Ethereum ETF inflows were $187 million, XRP fund inflows were $12 million, and Solana products saw outflows of $6 million.
MarketWhisper5h ago
ETHGas and ether.fi Announce $3B Deal to Build Institutional Blockspace Markets on Ethereum
ETHGas and ether.fi have entered a $3 billion agreement to enhance Ethereum blockspace markets. ether.fi will allocate 40% of its ETH holdings to ETHGas’ High Performance Staking Service, enabling future block inclusion rights trading and new yield opportunities.
GateNews6h ago
