Bitmex co-founder Arthur Hayes has made notable purchases over the past five days. Blockchain data shows that he purchased six digital assets worth a total of $14 million. This shows strong confidence in the selected token despite the unstable market conditions. According to the on-chain tracker, Hayes got 1,750 ETH, worth $7.43 million. He also bought 58,631 hype tokens for $2.62 million, 3.1 million ENAs for $2.48 million, and 129 million LDOs worth $1.83 million.
Additional purchases included 184,610 pendle tokens at $102 million and 420,000 ETHFI at $516,600. This activity was recorded in multiple wallets linked to Hayes. Transactions flow through exchanges such as Binance and Kraken, and through distributed protocols. Some transactions included direct token swaps, while others were funded using USDC deposits.
Strategic token selection
Hayes purchases range from a combination of established and emerging projects. Ethereum remains the largest single acquisition, highlighting its ongoing belief in the role of networks at the core of crypto ecosystems. Hype, the governance token for the HypereVM network, explained the second largest allocation. Hayes accumulated over 41,000 hype tokens in just one transfer, spreading additional purchases over several days.
ENA, associated with the Ethena Synthetic Dollar Ecosystem, also has a strong presence in his transactions, with multiple purchases of over 300,000 tokens each. LDO is Lido Dao’s governance token, seeing a stable inflow into Hayes-related wallets with a single purchase of up to 350,000 tokens. Pendle and Ethfi, meanwhile, represent more targeted bets on the assets that support the yield and emerging Defi products.
Reading between transactions
Hayes has not publicly addressed recent purchases. However, purchasing patterns show calculated movements to staking, synthetic assets, and assets linked to debt infrastructure. This activity coincides with a wider market rebound following weeks of volatile price action.
Analysts point out that Hayes has a history of taking a bold, focused position when market sentiment is mixed. He often targets assets with deep liquidity and distinct functions within the Web3 ecosystem. His latest blend of established blue chip tokens and emerging niche projects reflects the same investment style.
A signal to the market?
Famous purchases by industry veterans often attract attention from retailers. Hayes’ $14 million allocation over just five days strengthens his long-term outlook for the sector. Regulatory pressures and macroeconomic uncertainty are even heavy on emotions. Currently, the market is closely monitoring to see if these movements are part of a broader accumulation strategy. They could also be a prelude to further bets in the coming weeks.
