Arthur Hayes sells ETH at a $241K loss as crypto market slides
Arthur Hayes disposed of 2,364.38 ETH for 4.3 million USDC last Friday, according to tracking platform Lookonchain, resulting in a possible loss of $241,000. The sale happened as the price of crypto, in general, was on the decline with the whole cryptocurrency market falling by about 2 percent within the past 24 hours.
Arthur Hayes(@CryptoHayes) bought high and sold low again!
- Lookonchain (@lookonchain) August 1, 2026
Over the past 2 hours, he deposited 2,364.38 $ETH into Cumberland and Galaxy Digital, receiving 4.3M $USDC in return.
His selling price was $1,821, resulting in a loss of $241K (-5.3%).
He had previously bought 7,213โฆ pic.twitter.com/4AVZpjANZD
The transaction did not get attention for its size. What made this transaction unique is that the former BitMEX CEO and closely monitored macro investor Hayes has been a prominent supporter of Ethereum for a long time. His choice to liquidate some of his investments at a loss has sparked new discussions about how investors adapt to the downturn in the current market.
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