Arthur Hayes Buys $14M in ETH, HYPE, ENA, LDO, PENDLE, ETHFI

Arthur Hayes, co-founder of BitMEX, has been on a notable buying spree over the past five days. Blockchain data shows he has purchased a combined $14 million worth of six digital assets. That signals strong confidence in select tokens despite volatile market conditions. According to on-chain trackers, Hayes acquired 1,750 ETH, valued at $7.43 million. He also bought 58,631 HYPE tokens for $2.62 million, 3.1 million ENA for $2.48 million, and 1.29 million LDO worth $1.83 million. 

Additional purchases included 184,610 PENDLE tokens at $1.02 million and 420,000 ETHFI for $516,600. This activity was recorded across multiple wallets linked to Hayes. The transactions flow through exchanges such as Binance and Kraken as well as decentralized protocols. Several trades involved direct token swaps, while others were funded using USDC deposits.

Strategic Token Choices

Hayes’ purchases span a mix of established and emerging projects. Ethereum remains the largest single acquisition, underscoring its continued belief in the network’s role at the core of the crypto ecosystem. HYPE, a governance token for the HyperEVM network, accounted for the second-largest allocation. Hayes accumulated over 41,000 HYPE tokens in one transfer alone, with additional buys spread over several days. 

ENA, associated with the Ethena synthetic dollar ecosystem, also featured heavily in his transactions, with multiple buys exceeding 300,000 tokens each. LDO, the governance token for Lido DAO, saw steady inflows into Hayes-linked wallets, with single purchases of up to 350,000 tokens. Meanwhile, PENDLE and ETHFI represent more targeted bets on yield-bearing assets and emerging DeFi products.

Reading Between the Transactions

Hayes has not publicly addressed the recent purchases. However, the buying pattern points to a calculated move into assets linked to staking, synthetic assets, and DeFi infrastructure. The activity coincides with a broader market rebound, following weeks of volatile price action.

Analysts note that Hayes has a history of taking bold, concentrated positions when market sentiment is mixed. He often targets assets with deep liquidity and a clear function within the Web3 ecosystem. His latest blend of established blue-chip tokens and emerging niche projects reflects that same investment style.

A Signal to the Market?

High-profile purchases by industry veterans often draw attention from retail traders. Hayes’s $14 million allocation over just five days reinforces his long-term outlook on the sector. Even as regulatory pressures and macroeconomic uncertainty weigh on sentiment. Currently, the market is watching closely to see if these moves are part of a broader accumulation strategy. They could also be a prelude to further bets in the weeks ahead.