Arthur Hayes Offloads $5M in Crypto Amid 30% Portfolio Plunge – Strategic Exit or Panic Move?

Crypto heavyweight Arthur Hayes just liquidated $5 million in digital assets as his holdings took a 30% nosedive. Was it a calculated retreat or a capitulation to market pressure?

Market watchers are split: some see this as a savvy risk-off play ahead of deeper corrections, while others smell fear in the water. The move comes as Bitcoin struggles to hold key support levels and altcoins bleed out.

One thing's certain – when the ex-BitMEX CEO sneezes, the crypto markets catch a cold. And right now, the entire sector's looking a bit flu-ridden.

*Insert eye-roll about 'whales manipulating markets while retail bags the losses' here*

TLDR

• Arthur Hayes’ crypto portfolio declined from $63 million to $42.2 million in November 2025, representing a drop of over 30%
• The BitMEX co-founder sold approximately $5 million worth of tokens in one day, including ETH, ENA, ETHFI, LDO, AAVE, and UNI
• Hayes’ largest remaining holding is 5,731 ETH worth $18.03 million, with his portfolio concentrated in Ethereum-linked assets
• The sales occurred despite Hayes’ previous bullish public statements about crypto markets
• Analysts suggest the timing and scale of Hayes’ exits may indicate concerns about the current market cycle

BitMEX co-founder Arthur Hayes reduced his cryptocurrency holdings by more than 30% during November 2025. His portfolio value dropped from $63 million to approximately $42.2 million, according to data from Arkham Intelligence.

Arthur Hayes(@CryptoHayes) has sold 1,480 $ETH ($4.7M) over the past 2 days — but he's not good at trading $ETH.

The last time he sold $ETH was on Aug 1, right at the bottom, and just 9 days later, he bought $ETH back at a higher price.https://t.co/tr9zRlJBkd pic.twitter.com/YyE6wv5rEl

— Lookonchain (@lookonchain) November 17, 2025

The decline came as Hayes executed a series of large token sales. On-chain analytics platform Lookonchain tracked the transactions linked to his wallet addresses.

In a single day, Hayes sold 520 ETH for $1.66 million. He also offloaded 2.62 million ENA tokens valued at $733,000.

BREAKING

CRYPTO BILLIONAIRE ARTHUR HAYES IS SELLING ALL HIS CRYPTO.

HE'S BEEN A LONG-TIME BULL RUN BELIEVER, BUT TODAY STARTED AGGRESSIVELY DUMPING HIS ENTIRE crypto PORTFOLIO.

IS IT REALLY OVER?? pic.twitter.com/8iQOcfn2mX

— 0xNobler (@CryptoNobler) November 16, 2025

The sales continued with 132,730 ETHFI tokens sold for $124,000. Hayes then sold another 260 ETH worth around $820,000.

Additional sales included 2.4 million ENA tokens for $651,000. He sold approximately 640,000 LDO tokens for $480,000.

Hayes also exited positions in 1,630 AAVE tokens worth $289,000. He sold 28,670 UNI tokens valued at $209,000.

The combined sales reached nearly $5 million in a single trading day. This represented a sharp reduction in his altcoin exposure.

Current Portfolio Composition

Hayes’ current holdings remain concentrated in ethereum and related assets. His largest position is 5,731 ETH valued at $18.03 million.

He holds 3,119 EETH worth $9.8 million. His portfolio includes 1,167 weETH valued at $4 million.

Hayes maintains $7.9 million in USDC stablecoin holdings. He continues to hold smaller positions in PENDLE, BIO, LDO, WILD, SUSDE, BOBA, WBTC, and SENA.

The portfolio shift shows a MOVE away from diverse altcoin holdings. Hayes now holds primarily Ethereum-based assets and stablecoins.

Market Reaction and Analysis

The timing of Hayes’ sales has drawn attention from crypto analysts. His actions contrast with his previous bullish public statements about the market.

Analyst Orbion noted that Hayes sold several major altcoins at a loss. The tokens sold included billion-dollar market cap assets like ETH, ENA, LDO, UNI, and AAVE.

Orbion suggested Hayes’ early exit may indicate he believes the current cycle is ending. The analyst pointed to a failed rotation into major altcoins as evidence.

Hayes’ Recent Ethereum Activity

Separate data shows Hayes deposited $2.22 million worth of ETH to market maker B2C2. The transfer involved 700 Ethereum tokens.

Blockchain analytics platform Lookonchain reported the transaction. Hayes has a history of making strategic moves ahead of market shifts.

The deposit to an institutional market Maker suggests continued activity in Ethereum trading. B2C2 is an established provider of liquidity in crypto markets.

Hayes’ combined actions show both selling pressure and continued market participation. His wallet activity remains closely monitored by the crypto community.

The portfolio changes occurred as crypto markets experienced volatility in November 2025. Bitcoin had rallied 665% from its January 2023 low according to market data.