Ethereum

bullish

Millions

Arthur

Arkham

<h2 id="hayes-keeps-adding-to-his-eth-position">Hayes Keeps Adding to His ETH Position</h2>
<p>BitMEX co-founder Arthur Hayes (<a href="https://x.com/CryptoHayes" rel="noopener noreferrer nofollow">@CryptoHayes</a>) has purchased another 1,500 <a href="https://x.com/search?q=%24ETH&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$ETH</a> worth roughly $2.63 million, according to Arkham data. The buy is the latest in a series of on-chain moves that have made Hayes one of the most closely watched accumulators in the Ethereum market this month.</p>
<p>The purchase adds to a broader pattern flagged by on-chain trackers throughout June. Lookonchain reported that a wallet associated with Hayes bought another 1,400 ETH worth around $2.51 million, adding to a steady accumulation streak in line with a pattern where Hayes-linked addresses scooped up about $5.4 million in ether following signs of easing tensions in the Middle East.</p>
<p>That earlier tranche came on June 15, when a wallet possibly linked to Hayes received 3,000 ETH worth approximately $5.42 million from market maker Flowdesk, according to on-chain tracker Lookonchain. The OTC structure reduced order book impact and avoided visible exchange-based buying pressure.</p>
<h2 id="a-deliberate-reset-with-eth-as-the-core-holding">A Deliberate Reset, With ETH as the Core Holding</h2>
<p>The renewed buying comes after a period in which Hayes trimmed his broader crypto exposure. In his June 8 essay "Reality Test," the Maelstrom CIO disclosed selling positions in Hyperliquid, Near Protocol, Worldcoin, and Zcash, framing those exits as defensive responses to macro uncertainty rather than thesis changes. Bitcoin and Ethereum remained explicit core holdings throughout that rotation, making the Flowdesk-sourced ETH purchase a re-loading of a position he never fully abandoned.</p>
<p>Hayes has been consistently bullish on Ethereum's longer-term trajectory. Even while trimming altcoins, Hayes stayed structurally bullish on Ethereum. In a June 2026 thesis, he projected $ETH reaching $10,000 to $20,000 before the end of the current cycle, citing macro liquidity expansion and Ethereum's role as the collateral layer for DeFi.</p>
<p>The accumulation is not happening in isolation. On-chain data shows accumulation addresses bought over 1.11 million ETH in a single week, the highest accumulation rate recorded so far in 2026. Whether the weight of those inflows can establish a durable price floor for $ETH remains to be seen, but the direction of large-wallet activity is clear.</p>
<p><em>Sources:</em><br><a href="https://crypto.news/arthur-hayes-scoops-up-5-4m-in-ethereum-after-iran-deal/" rel="noopener noreferrer nofollow">Arthur Hayes scoops up $5.4M in Ethereum after Iran deal (Crypto.news)</a><br><a href="https://news.bitcoin.com/ethereum-whales-arthur-hayes-geministar-eth-accumulation/" rel="noopener noreferrer nofollow">Ethereum Whales Load Up: Arthur Hayes-Linked Wallet and Geministar Scoop up Tens of Millions in ETH (Bitcoin.com News)</a><br><a href="https://coincentral.com/ethereum-eth-price-accumulation-hits-2026-high-as-arthur-hayes-linked-wallet-buys-5-4m/" rel="noopener noreferrer nofollow">Ethereum Accumulation Hits 2026 High as Arthur Hayes-Linked Wallet Buys $5.4M (CoinCentral)</a></p>

Arthur Hayes Just Bought More Ethereum

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