Arthur Hayes, the founder of BitMEX and a figure closely watched in the cryptocurrency market, continues to increase his investments in Ethereum. According to data provided by the on-chain analytics platform Onchain Lens, Hayes purchased approximately 1,337 $ETH, using a total of 2.5 million $USDC.
According to the provided information, Hayes first transferred 2.5 million $USDC to his Galaxy Digital account. After the transfer, it was determined that this sum was used to purchase 1,337 Ethereum ($ETH). At the time of the transaction, the total value of the purchased $ETH was approximately 2.5 million US dollars.
According to data published by Onchain Lens, Hayes did not stop there. The well-known investor was also observed transferring the same amount, 2.5 million $USDC, to his FalconX account, an institutional platform for trading digital assets.
However, at the time of the announcement, it was noted that the transaction related to this transfer was not yet complete and the process was pending. Market participants speculate that these funds may also be used to purchase Ethereum or another digital asset.
In recent years, Arthur Hayes has drawn attention, particularly with his optimistic views on Ethereum and the decentralized finance (DeFi) ecosystem. In his previous assessments, he stated that improvements in global liquidity conditions and expectations for looser monetary policy could support risk assets, especially Ethereum.
Investors closely monitor blockchain transactions conducted by large investors in the cryptocurrency market. In particular, purchases and sales carried out by industry leaders like Arthur Hayes are considered important indicators of market sentiment.
Although analysts emphasize that large purchases alone are insufficient to determine price direction, they note that the sustained interest in Ethereum from institutional investors and major private investors can be seen as a positive signal for the market in the long term. How the second 2.5 million $USDC sent to FalconX will be used will become clearer in the coming days as blockchain data emerges.
*This is not investment advice.
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