Arthur Hayes Buys $6.39M More Ethereum, Then the ETH Market Starts to Tumble

Arthur Hayes bought 3,298 more Ether (ETH) worth $6.39 million hours before Ethereum's spot price slid from $1,960 to $1,872.

The purchase extends a buying streak that began July 15. Hayes has now spent $13.87 million on 7,213 ETH at an average price of $1,923, leaving him roughly $368,000 underwater.

A Buying Streak Built in Pieces

Hayes assembled the position through a string of over-the-counter trades. Onchain trackers flagged transfers to Galaxy Digital, FalconX, and Cumberland since mid-July. Single purchases ranged from roughly 645 ETH to about 1,330 ETH.

The accumulation followed a reversal. Hayes closed his ETH position in late June at a loss of about $606,000. He then started rebuying on July 15, as Ether recovered above $1,750.

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