Ethereum

Prime

Arthur

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Ethereum (ETH) has stolen the show in the past few days, posting impressive gains and outperforming the market leader and many of the larger-cap alts.One of the reasons behind this notable rally that drove it to a multi-week peak could be ongoing accumulation by major players, including BitMEX’s co-founder, Arthur Hayes.<h2 id="hayes-buys-eth-high">Hayes Buys ETH High</h2>On-chain data provided by Lookonchain <a href="https://x.com/lookonchain/status/2077547759864074687" rel="noopener noreferrer nofollow">indicated</a> that the popular crypto personality spent roughly $2.5 million to acquire 1,293 ETH. Consequently, he continues to display a somewhat controversial approach to Ethereum given his most recent moves.CryptoPotato <a href="https://cryptopotato.com/days-later-arthur-hayes-sells-entire-eth-position-at-a-loss/" rel="noopener noreferrer nofollow">reported</a> back in mid-June that Hayes had accumulated a total of 5,900 ETH for $10.58 million in the span of just a few days. However, he disposed of his entire stash (and some more) just a day later for around $10 million, registering a loss of more than $600,000 in hours.What’s interesting in this situation is that he seems to be buying high and selling low. His most recent accumulation came at prices of well over $1,900, where ETH has stood for the past day. In contrast, the aforementioned offload took place when the asset dipped below $1,700.Hayes has also exhibited controversial behavior toward other crypto assets. He <a href="https://cryptopotato.com/arthur-hayes-adds-more-eth-after-facing-backlash-over-hype-zec-and-wld/" rel="noopener noreferrer nofollow">received</a> substantial backlash over his overpromotion of tokens like HYPE, ZEC, and WLD, as he disposed of his positions weeks after praising them and long before they reached his massive price targets.<h2 id="whales-abraxas-buy-too">Whales, Abraxas Buy Too</h2>With speculation <a href="https://cryptopotato.com/ethereum-tops-1900-in-a-six-week-high-where-to-next-for-eth/" rel="noopener noreferrer nofollow">running rampant</a> about ETH’s future following its notable surge past $1,900, the broader Ethereum ecosystem shows that other participants are joining through large acquisitions. Additional data from Lookonchain <a href="https://x.com/lookonchain/status/2077595361011712159" rel="noopener noreferrer nofollow">suggested</a> that three newly created wallets withdrew nearly $58 million in ETH from Coinbase Prime earlier today. The analysts concluded that “whales continue accumulating ETH.”Moreover, wallets linked to Abraxas Capital deposited $40 million worth of bitcoin into the veteran US exchange Kraken earlier this week. Lookonchain noted that they used a large portion of the capital they gathered to rotate into ETH after withdrawing 8,153 tokens from the platform.<blockquote class="twitter-tweet">Abraxas Capital is selling <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> and buying <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>!Over the past 3 hours, Abraxas Capital withdrew 8,153 <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($15.3M) from <a href="https://x.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> and <a href="https://x.com/hashtag/Bybit?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bybit</a>, while depositing 618 <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>($39.99M) into <a href="https://x.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Kraken</a>.<a href="https://t.co/qwAXChjYvp" rel="noopener noreferrer nofollow">https://t.co/qwAXChjYvp</a><a href="https://t.co/EdWBYF36Lf" rel="noopener noreferrer nofollow">pic.twitter.com/EdWBYF36Lf</a>— Lookonchain (@lookonchain) <a href="https://x.com/lookonchain/status/2077374770795196624?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2026</a></blockquote>The post <a href="https://cryptopotato.com/arthur-hayes-buys-eth-above-1900-weeks-after-selling-at-1700/" rel="noopener noreferrer nofollow">Arthur Hayes Buys ETH Above $1,900 Weeks After Selling at $1,700</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Arthur Hayes Buys ETH Above $1,900 Weeks After Selling at $1,700

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