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.