Arthur Hayes Offloads 1,871 ETH Worth $5.53 Million To Load Up On DeFi Tokens

Arthur Hayes, the co-founder of BitMEX, shifted capital over a two-week span by selling 1,871 ETH valued at about $5.53 million and reallocating the proceeds into several DeFi tokens. He concentrated new positions in Pendle, Lido DAO, Ethena, and Ether.fi, reflecting a thesis that these protocols tied to yield, staking, and synthetic dollar mechanics may offer better risk-adjusted returns than simply holding Ethereum. Hayes has framed the moves as a portfolio rotation using ETH as base collateral rather than a complete exit from the asset.