Arthur Hayes Offloads Millions in Altcoins – Is This the Start of a Market Shakeout?

Crypto heavyweight Arthur Hayes just made waves—dumping millions in altcoin holdings. Was it profit-taking or panic? Markets brace for impact.

The Big Unload:
When a whale like Hayes moves, traders take notice. His altcoin sell-off sparks debates: strategic exit or bearish signal?

Altcoins on Edge:
Ethereum, Solana, and other majors dipped post-sale. Opportunistic buyers lurk, but volatility’s the only guarantee.

The Cynic’s Take:
Another ‘smart money’ play—or just another rich guy timing the market like a blindfolded dart thrower? Stay tuned.

TLDR

• Arthur Hayes sold over $2.5 million worth of ETH, ENA, and ETHFI in recent transactions.
• The former BitMEX CEO continued his sell-off after a major market crash.
• Hayes also liquidated $480,000 in LDO, $289,000 in AAVE, and $209,000 in UNI.
• ZEC remained the only altcoin to show a strong performance despite the market downturn.
• Hayes praised ZEC for outperforming other assets like XRP during the market dip.

Arthur Hayes, former CEO of BitMEX, has been actively selling several altcoins, according to Lookonchain. The analytics firm reported that Hayes disposed of significant amounts of ETH, ENA, and ETHFI. His selling spree, which began with over $2.5 million in assets, continued with more large transactions in altcoins.

Arthur Hayes Sells Ethereum (ETH) Holdings

Arthur Hayes sold 520 ETH in a series of transactions. The total value of these sales was substantial, affecting the broader market. Hayes later sold an additional $820,000 worth of ETH within hours of his earlier actions.

Arthur Hayes(@CryptoHayes) appears to have sold 520 $ETH($1.66M), 2.62M $ENA($733K), and 132,730 $ETHFI($124K) 4 hours ago.https://t.co/loeYKUb9rN pic.twitter.com/NDEJlxGiWn

— Lookonchain (@lookonchain) November 16, 2025

Hayes’ ETH sales come after a recent downturn in the cryptocurrency market. Bitcoin and most altcoins saw a sharp drop, with ETH falling to $3,100. This price movement aligns with Hayes’ ongoing market actions.

Arthur Hayes also liquidated 2.62 million ENA and 132,730 ETHFI. The value of these sales was over $1 million combined. These sales show Hayes’ decision to reduce exposure to these altcoins.

The decision to sell these altcoins followed a market-wide selloff, which left many digital assets struggling. As market conditions worsened, Hayes doubled down on these sales. His actions align with the broader bearish sentiment in the crypto space.

Hayes Continues to Offload Other Altcoins

Along with ETH, ENA, and ETHFI, Hayes sold several other altcoins. He offloaded $480,000 in LDO, $289,000 in AAVE, and $209,000 in UNI. These moves reflect Hayes’ strategy of minimizing exposure to a variety of assets.

Hayes’ activity stands out amid market instability. While many altcoins suffered, one exception stood out: ZEC. Hayes praised ZEC’s performance, calling it superior to XRP, as the coin ROSE sharply despite the market decline.