$ETH Arthur Hayes, the founder of BitMEX and a closely followed figure in the cryptocurrency market, has reportedly purchased Ethereum ($ETH). According to information shared by the on-chain data platform Onchain Lens, a wallet address allegedly linked to Hayes purchased a total of 1,500 $ETH through market maker and liquidity provider Cumberland.

The transaction, reportedly worth approximately $2.63 million, has attracted attention within the cryptocurrency community. Given the recent focus on Ethereum’s price performance and the interest from institutional investors, this transaction by a wallet allegedly linked to Hayes is seen as an indicator of positive expectations for the market’s future.