After a costly misstep last week, where he sold 8.3 million ETH only to watch it rally, the BitMEX co-founder has come roaring back with a fresh buying spree worth nearly $7 million. This time, he’s not just loading up on ETH — he’s diversifying into key Ethereum ecosystem plays.
Here’s the breakdown of his latest buys:
1,250 ETH (~$5.3M)
92,000 PENDLE (~$500K)
425,000 LDO (~$550K)
420,000 ETHFI (~$520K)
All three altcoins — PENDLE, LDO, and ETHFI — are deeply integrated into Ethereum’s DeFi infrastructure:
PENDLE lets users tokenize and trade yield, adding flexibility to DeFi investments.
LDO (Lido DAO) dominates Ethereum staking, providing both security and liquidity.
ETHFI (Ether.fi) focuses on decentralized staking while keeping user control intact.
The common thread? They strengthen Ethereum’s network security, liquidity, and innovation — exactly where Hayes is placing his long-term bets.
Hayes openly admitted last week’s ETH sale was a mistake. This new round of buys signals more than just a rebound — it’s a strategic repositioning. By doubling down on ETH and its most influential DeFi protocols, he’s showing where he believes the next big wave of growth will come from.
For the market, Hayes’ move sends a clear message: confidence in Ethereum remains strong, and the DeFi sector tied to it could be set for another leg higher.
Looks like Hayes isn’t just correcting a trade — he’s setting up for the next chapter of the Ethereum story.
