Arthur Hayes Is Selling: Here Are the Altcoins He’s Ditching
Main Idea
The cryptocurrency market experienced significant volatility in July 2025, with Bitcoin and altcoins reaching all-time highs before declining sharply, while notable figures like Arthur Hayes sold off large holdings.
Key Points
1. The total cryptocurrency market cap exceeded $4 trillion for the first time, driven by Bitcoin surpassing $123,000 and altcoins like XRP and BNB reaching all-time highs.
2. Prices later declined, with Bitcoin dropping to a three-week low below $113,000 and many altcoins seeing double-digit losses.
3. Arthur Hayes sold over $8 million worth of ETH, $4.6 million in ENA, and $414,700 worth of PEPE, citing potential market retracements due to economic factors like US tariffs.
4. SharpLink Gaming purchased 14,933 ETH ($52.56M), increasing its total Ethereum holdings to 464,209 ETH ($1.6 billion), making it the second-largest holder after Bitmine.
5. Hayes predicted Bitcoin could test $100,000 and Ethereum $3,000, attributing the potential decline to macroeconomic uncertainties.
Description
The cryptocurrency market reached new heights in July as the total cap exceeded $4 trillion for the first time ever, led by bitcoin’s new peak above $123,000 and several altcoins’ rallies to ATHs, such as XRP and BNB. The past few days, though, have gone in the opposite direction, with many altcoins charting double-digit price declines, while BTC plunged to a three-week low of under $113,000. During these turbulent times of uncertainty, perhaps prompted by Trump’s latest tariffs and the movement...
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