Arthur Hayes Dumps Over 1,800 ETH, Pivots Portfolio Toward Stablecoins and DeFi

2025-12-24 09:36:33

Arthur Hayes has intensified his Ethereum sales in December, offloading more than 1,800 ETH in recent weeks while redirecting capital into stablecoins and select DeFi tokens.

(Sources: Arkham)

Key Highlights

Hayes sold approximately 1,871 ETH over the past week, worth around $5.53 million.
Proceeds used to acquire undervalued DeFi tokens like PENDLE, ENA, and ETHFI.
Portfolio now heavily weighted toward USDC (~$48 million, over 60% of total value).

On-chain monitoring from Lookonchain and Arkham Intelligence reveals aggressive rebalancing. In the latest move, Hayes deposited 682 ETH (~$2 million) to Binance, converting the funds into DeFi positions.

Earlier transactions included a 508.6 ETH transfer (~$1.5 million) to Galaxy Digital. Combined with ongoing sales, Hayes has reduced his ETH exposure dramatically—from 16,000 ETH in 2022 to just 3,160 ETH currently (a drop of over 3,440 ETH since November alone).

Portfolio Shift: From ETH to Stablecoins and DeFi

Arkham data shows Hayes’ total holdings valued at approximately $74 million, with a stark rotation:

USDC: Nearly $48 million (up from $1 million in mid-November), representing more than 60% of the portfolio.
ETH: Down to ~3,160 tokens.
DeFi Tokens: Increased positions in PENDLE, ENA, and ETHFI—assets down 80–90% YTD but viewed by Hayes as high-conviction opportunities.

Hayes has been transparent about the strategy, stating on X:

“We are rotating out of ETH and into high-quality DeFi names, which we believe can outperform as fiat liquidity improves.”

The timing aligns with prolonged market fear (Fear & Greed Index in “fear” to “extreme fear” territory), suggesting Hayes is parking capital in stablecoins while awaiting better entry points or improved liquidity conditions.

Outlook and Past Predictions

Despite the ETH sales, Hayes remains long-term bullish on the ecosystem. He previously forecasted Ethereum reaching $20,000 and suggested that holding 50 ETH could create millionaire status by the next U.S. presidential election cycle.

His current moves appear tactical—capital preservation in stablecoins combined with selective bets on beaten-down DeFi protocols poised for recovery as monetary conditions ease.

ETH0.49%

PENDLE1.09%

ENA2.24%

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