#TrumpTariffs Arthur Hayes Dumps Millions in Crypto.

Arthur Hayes, has offloaded more than $13 million worth of crypto holdings, including ether $ETH , ethena $ENA , and pepe.

Data shows Hayes sold millions worth of these cryptocurrencies and moved to accumulate $USDC , with the stablecoin now making up over 80% of the $27.9 million in the address associated with him. The address sold 2,373 ETH worth $8.32 million, 7.76 million ENA valued at $4.62 million, and 38.86 billion PEPE for $414,700. He seemingly confirmed he is behind the address and pointed to a bearish scenario for the crypto space.

Hayes suggested that markets will take a hit from the impact of President Donald Trump’s tariffs, some of which came into effect on Aug. 1 and others are coming on Aug. 7, which affect key trading partners.

Combined with a weaker-than-expected U.S. jobs report, he argued that no major economy is expanding credit fast enough to boost nominal GDP. Against this backdrop, he predicted bitcoin could “test $100K” while ether will revisit $3,000.