Renowned trader Arthur Hayes has once again attracted market attention due to his aggressive asset allocation adjustments. The latest on-chain data shows that Arthur Hayes sold approximately $5.53 million worth of Ethereum (ETH) and concentrated his purchases on DeFi tokens totaling about $4 million, clearly signaling his phased bullish stance on the decentralized finance (DeFi) sector.
According to data disclosed by on-chain analysis firm Lookonchain on the X platform, Arthur Hayes has sold a total of 1,871 ETH over the past two weeks and reallocated the funds into various mainstream DeFi tokens. These include 961,113 PENDLE (approximately $1.75 million), 2.3 million LDO (about $1.29 million), 6.05 million ENA (around $1.24 million), and 491,401 ETHFI (roughly $343,000). This series of actions indicates that his investment focus is shifting from Ethereum to yield-generating and infrastructure-related DeFi assets.
In addition to directly selling ETH, Arthur Hayes has also withdrawn approximately $2.52 million from exchanges to further increase his holdings in DeFi tokens. Currently, DeFi tokens and stablecoins account for over 60% of his overall crypto portfolio, with ETH holdings decreasing significantly. Notably, PENDLE makes up as much as 48.9% of his DeFi allocation, becoming a core holding and highlighting his strong confidence in the project’s long-term value.
Arthur Hayes stated that this round of asset reallocation is mainly based on his judgment of an improving fiat liquidity environment. He believes that during the liquidity recovery phase, undervalued DeFi tokens tend to have higher resilience and potential returns. Even though tokens like PENDLE, LDO, and ETHFI have recently experienced corrections, their long-term fundamentals remain attractive.
However, Hayes’ ETH selling activity has also raised some market concerns. ETH prices are still oscillating below the critical $3,000 level, and ongoing selling pressure could further impact market sentiment. Analysts suggest that Hayes is more inclined to believe that, compared to larger-cap underlying assets, small- and mid-cap crypto assets represented by DeFi may achieve higher excess returns in a new liquidity cycle.
Overall, Hayes’ move to sell ETH and shift into DeFi tokens once again emphasizes the market’s long-term optimism about the DeFi sector and adds some uncertainty to Ethereum’s short-term price trajectory.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Vitalik's "Shelter Technology" Declaration: How Does Ethereum Incorporate Censorship Resistance into the Protocol?
Written by: imToken
If one day the core development team of Ethereum were to collectively "disappear," or if a sovereign country demanded the censorship of certain transactions, could Ethereum still remain open?
These questions sound like extreme hypotheticals, but they are becoming increasingly relevant reference points in the design of the Ethereum protocol.
In early March, Vitalik Buterin proposed a new statement, explicitly saying that the Ethereum community should see itself as part of the "sanctuary technologies" ecosystem: these free open-source technologies enable people to live, work, communicate, manage risks, and build wealth, while collaborating toward common goals and maximizing resistance to external pressures.
This statement appears to be an abstract upgrade of values, but when viewed in the context of Ethereum's recent protocol evolution, it actually corresponds to very specific
PANews50m ago
CoinGlass integrates RootData, adding investor and team information display on the token page
The CoinGlass platform has integrated RootData data, allowing users to view investor and team information on the token page for a one-stop information access. CoinGlass provides comprehensive data on the cryptocurrency derivatives market and has over 220 partners.
GateNews51m ago
BlackRock deposits 1,133.78 BTC and 27,189 ETH into a CEX, totaling approximately $136 million.
Gate News Report, March 10 — According to on-chain analyst Onchain Lens monitoring, BlackRock deposited 1,133.78 BTC (approximately $80.24 million) and 27,189 ETH (approximately $56.10 million) into a certain CEX, totaling about $136 million, and may continue to deposit more tokens.
GateNews1h ago
Vitalik: The Ethereum Foundation stakes 72,000 ETH using "DVT-lite," aiming to allow institutions to stake with a single click
Ethereum co-founder Vitalik Buterin stated that the Ethereum Foundation has staked 72,000 ETH using the simplified decentralized validation technology "DVT-lite," aiming to make institutional-level staking easier and one-click. Despite ETH prices consolidating, staking demand remains strong, with currently 3.2 million ETH waiting to be staked, indicating market vitality.
動區BlockTempo2h ago
