BREAKING: Arthur Hayes Buys Back $ETH After $8.32M Sell, As Price Surges Past $4,000
Arthur Hayes, co-founder of 100x and one of crypto’s most recognizable traders, has made a high-profile move back into #Ethereum #ETHBreaks4000 #ETHBreaks4000 , just a week after selling 2,373 $ETH (~$8.32M) at ~$3,507.
According to on-chain data, Hayes withdrew $10.5M USDC from his wallets four hours ago to repurchase ETH at a higher price, as the cryptocurrency pushed past the $4,000 mark and neared $4,200.
Onchain Tracker Lookonchain
According to the chart by Hayes, as of today, August 9, #Ethereum has climbed sharply over recent days, aligning with the buyback. The timing reflects Hayes’s active, high-conviction trading style, often influenced by macroeconomic shifts and market sentiment. His accompanying post on X playfully apologized to Fundstrat — a research firm led by Tom Lee — promising never to take profits again, in a tongue-in-cheek nod to the rally he partially missed.
Arthur’s post on X
TradingView data from August 9 (06:44 UTC) shows Ethereum’s rapid climb aligning with this move. Academic research has shown that high-profile trader actions can spike crypto volatility by up to 30% within hours, a pattern visible here as ETH’s surge gained momentum.
With ETHnow holding above $4,000 and altcoin markets heating up, Hayes’ reentry underscores growing trader confidence that the current momentum could extend, possibly targeting new cycle highs.