Arthur Hayes Liquidates $13M in Crypto Amid Market Decline

Arthur Hayes, BitMEX co-founder, sold $13 million in Ethereum, ENA, and PEPE on August 1, 2025, during a market downturn.

The sale by a high-profile crypto figure highlights potential shifts in market sentiment and trading strategies, sparking debate among community members.

Hayes, a prominent crypto industry figure, executed a $13 million sale of assets. The transaction involved 2,373 ETH, 7.7 million ENA, and 39 billion PEPE tokens, despite his earlier bullish market statements.

The sale’s timing contrasts Hayes’s public remarks on X (Twitter) about future altcoin seasons. On-chain analytics confirmed the transaction, which hasn’t been addressed directly by Hayes as of now.

“I was slightly bearish in my last essay due to TGA refill. What changed? $BTC busted through ATH on good volume $ETH is following and will outperform, get ready for a monster alt szn. Mrkt thinks Trump will TACO on tariffs, so fuck it: @MaelstromFund is backing up the truck!” — Arthur Hayes, Co-founder, BitMEX (CryptoBriefing)

The market felt immediate effects, with Ethereum dropping below $3,600 and other sold tokens seeing declines. This coincided with Bitcoin’s price correction after tariff announcements.

Financial and market ramifications include heightened alert over crypto founders’ actions. Hayes’s previous crypto market influence is evident, affecting market sentiment and asset performance.

Legal or regulatory outcomes remain unchanged, as the transaction is considered personal. Historically, such sales signal potential market shifts, given Hayes’s industry influence.

Future implications center on the crypto community’s vigilance around large-volume movements by notable figures, affecting trust and trading dynamics. Crypto founders’ actions can lead to substantial market ripple effects.