Arthur Hayes Is Selling: Here Are the Altcoins He’s Ditching

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.