BitMEX Founder Arthur Hayes Dumps Ethereum and Two Altcoins, Warns of Imminent Pullbacks in Bitcoin and ETH

Description

BitMEX co-founder Arthur Hayes is unloading his altcoin positions, believing that the crypto market will witness a correction this month. In a new post on the social media platform X, blockchain tracking firm Lookonchain spotted Hayes selling millions of dollars worth of Ethereum ( ETH ) as well as the memecoin Pepe ( PEPE ) and the stablecoin-focused project Ethena ( ENA ). “Arthur Hayes sold 2,373 ETH ($8.32 million), 7.76M ENA ($4.62 million) and 38.86 billion PEPE( $414,700)…” The crypto vet...