Arthur Hayes, co-founder of BitMEX, sold 1,871 ETH worth approximately $5.53 million over a two-week span and reallocated the capital into a portfolio of DeFi tokens. His purchases included multi-million-dollar positions in Pendle (PENDLE), Lido DAO (LDO), Ethena (ENA), and additional tokens in Ethereum-based finance project ETHFI. This continued pivot marks a strategic reduction in ETH holdings in favor of governance and yield-focused protocols within the DeFi sector.