Hayes Blames Tariff Fears, Sells $13M in Crypto Before Tokyo Keynote
On Aug. 1, 2025, the X account Lookonchain shared a post stating, “Arthur Hayes (@CryptoHayes) sold 2,373 $ETH ($8.32M), 7.76M $ENA ($4.62M) and 38.86B $PEPE ($414.7K) in the past 6 hours.” The account also highlighted a wallet address linked to Hayes via Arkham Intelligence. Another Arkham-labeled entity is also tagged as belonging to Hayes, but the former includes a question mark, signaling that the tagger wasn’t entirely sure.
Still, Hayes replied directly to Lookonchain’s X post and, based on his response, seemed to imply the wallet was his. Hayes mentioned the macroeconomic situation in the backdrop. Hayes believes a U.S. tariff bill is looming in the third quarter, and after the latest jobs report (NFP), markets are pricing that in. He further argues that no major economy is generating enough credit to grow nominal GDP.
Hayes said:
