ETHFI Rallies 25% in a Week, and Arthur Hayes Pays Up to Get Back In

Arthur Hayes has bought 1.9 million Ether.fi (ETHFI) tokens worth $1.17 million, returning to a position he walked away from earlier this year.

The BitMEX co-founder paid $0.62 per token. Onchain trackers put that entry well above the level where he last sold the same asset.

Arthur Hayes Chases ETHFI's 25% Weekly Rally

Hayes sold 265,461 ETHFI at $0.44 in April, collecting roughly $118,000 and booking a loss. His new entry sits about 41% higher per token.

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Onchain analytics account Lookonchain surfaced the purchase roughly four hours after it settled, flagging it as another case of selling low and buying high.

ETHFI has climbed 25.3% over the past week amid a broader market rally. This beats Bitcoin's (BTC) 21.4% gain, although Ethereum's (ETH) 27.8% advance still leads. However, the token sits about 93% below its March 2024 record of $8.53.

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