Hayes Deploys $6.85M USDC to Buy Ethereum, LDO, ETHFI & Pendle

Published: 2025-08-10 08:44:28 |

In July, ex-BitMEX co-founder Arthur Hayes sold 2,373 ETH and a basket of DeFi tokens at an average of $3,507 per coin. Early August, he predicted an Ethereum pullback to $3,000. On August 10 and again hours ago, Hayes moved 14.8 million USDC to exchanges, deploying roughly $6.85 million USDC to acquire 1,250 ETH (~$5.3 M), 424,000 LDO (~$550 K), 420,000 ETHFI (~$510 K) and 92,000 Pendle (~$500 K) within two hours, plus over 10.5 million USDC for further Ethereum buys. This rapid reaccumulation signals renewed whale confidence in Ethereum and DeFi tokens. Traders should monitor USDC inflows and whale activity as a bullish indicator for Ethereum momentum.

Bullish

Arthur Hayes’s shift from selling 2,373 ETH and DeFi tokens to deploying over $6.85 M USDC for Ethereum and related DeFi assets underscores strong whale conviction. This reaccumulation after a bearish prediction signals institutional interest and adds upward pressure on Ethereum. In the short term, such large USDC inflows and concentrated buy orders can trigger price spikes. Over the long term, continued whale confidence and repeated Ethereum purchases support sustainable demand and bullish market sentiment.