Arthur Hayes, BitMEX founder and notable crypto investor, made a significant move on August 3, acquiring 1,337 ETH worth about $2.5 million. The transaction was executed through his Galaxy Digital account after transferring 2.5 million USDC.
But Hayes didn’t stop there. He also moved another 2.5 million USDC to his FalconX institutional trading account. While this second transaction is still pending, market watchers speculate it might be used to buy more Ethereum or other digital assets.
Hayes has been vocal about his bullish outlook on Ethereum and decentralized finance, often linking his optimism to expected improvements in global liquidity and potential easing of monetary policy.
On-chain analytics platforms like Onchain Lens have made Hayes’ activity visible to investors who monitor such large transactions as signals of market sentiment. Although experts caution that big buys alone don’t dictate price trends, consistent interest from influential figures like Hayes can signal positive momentum for Ethereum in the long term.
