Ethereum Leads Arthur Hayes’s Token Selloff: BitMEX Co-Founder Dumps About $2.48M in ETH Across Two Sessions

According to LookIntoChain data cited by COINOTAG News on November 16, Arthur Hayes, co-founder of BitMEX, intensified his asset rotations. In the latest tranche, he sold 260 ETH (~$820,000), 2.4 million ENA (~$651,000), 640,000 LDO (~$480,000), 1,630 AAVE (~$289,000) and 28,670 UNI (~$209,000), for a total near $2.45 million.

Earlier today, Hayes added 520 ETH (~$1.66 million), 2.62 million ENA (~$733,000), and 132,730 ETHFI (~$124,000) to the books.

From a market perspective, the on-chain activity signals ongoing asset rotation among high-profile figures, with potential implications for crypto liquidity and market sentiment. Readers should monitor token-flow data to assess risk exposure across ETH, DeFi tokens, and governance coins.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.