Arthur Hayes buys 1,939 ETH worth more than $3.7 million after prior loss

Lookonchain said a wallet tied to Hayes bought 1,293 ETH for about $2.48 million, while five wallets linked to him now hold 4,353 ETH worth roughly $8.35 million.

ETH

USDC

NEAR

40d ago

Fact Check

Two independent on-chain trackers confirm the claim. The Lookonchain post directly states Arthur Hayes bought 1,293 ETH (~$2.48M). Onchain Lens and PANews detail the two OTC tranches (646.33 + 646.93 ETH ≈ 1,293 ETH) via Galaxy Digital and FalconX, matching the reported total. Odaily corroborates both. Figures, timing, and mechanism are internally consistent across all sources, though the transaction is inferred from on-chain wallet activity attributed to Hayes rather than an official statement.

Summary

Arthur Hayes bought 1,293 ETH worth about $2.48 million on July 15 and also received 646.33 ETH valued at about $1.24 million from Galaxy Digital, taking his single-day Ethereum purchases to roughly 1,939 ETH worth more than $3.7 million. Minutes before the transfer, he sent $1.25 million in USDC to FalconX in a transaction pattern that Onchain Lens flagged as a likely over-the-counter trade. Lookonchain later said five wallets believed to be linked to Hayes now hold a combined 4,353 ETH worth about $8.35 million, adding to signs he is continuing to build exposure to Ethereum. The buying reversed a late-June sale of 6,000 ETH at an estimated $606,000 loss and extended a pattern of aggressive crypto repositioning that has also included exits from Worldcoin, Zcash, NEAR and Hyperliquid, as well as a $2.2 million SYN purchase that later fell sharply.

Terms & Concepts

over-the-counter trade: A privately arranged transaction between parties rather than one executed directly on a public exchange.
USDC: A dollar-pegged stablecoin commonly used to move value and settle crypto trades.
unrealized loss: A paper loss on an asset that has fallen in value but has not yet been sold.