BitMEX co-founder Arthur Hayes has repurchased a significant amount of Ethereum (ETH) just a week after selling it. According to Lookonchain data, Hayes invested $10.5 million to acquire ETH, reversing his previous transaction where he sold 2,373 ETH for $8.32 million at a price of $3507 per ETH. This move comes as Ethereum has experienced a notable price surge. Currently, ETH is trading around $4209, reflecting a 7.96% increase according to CoinMarketCap. This price appreciation suggests Hayes may be anticipating further gains in the Ethereum market. This repurchase indicates a potential shift in Hayes' market outlook and a renewed confidence in Ethereum's prospects. Investors are watching closely to see if this trend continues and what it signals for the broader crypto market. ```

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