Ethereum Whales Load Up: Arthur Hayes-Linked Wallet and 'Geministar' Scoop up Tens of Millions in ETH
A wallet linked to BitMEX co-founder Arthur Hayes added 1,400ETHworth about $2. 51 million, while popular etherwhale“geministar. eth” hauled in 32,278ETH, roughly $57 million, over just two days. Key TakeawaysA. . .
A wallet linked to BitMEX co-founder Arthur Hayes added 1,400ETHworth about $2. 51 million, while popular etherwhale“geministar. eth” hauled in 32,278ETH, roughly $57 million, over just two days. Key TakeawaysA wallet tied to Arthur Hayes bought 1,400 ETH (~$2. 51M) during a recent market dip. Similarly, whale geministar. eth accumulated 32,278 ETH (~$57M) from Binance in two days. The aggressive buying seems to suggest conviction, with Hayes targeting a far higher price surge in the near future. Hayes-Linked Wallet Keeps BuyingLookonchainreportedthat a wallet associated with Arthur Hayes has bought another 1,400ETH, worth around $2. 51 million, adding to his steady accumulation streak, which is in line with a pattern flagged last month, where Hayes-linked addresses scooped up about$5. 4 million in ether(following signs of easing tensions in the Middle East). Hayes, the outspoken co-founder of derivatives exchange BitMEX, has been vocallybullishon ether’s long-term trajectory, arguing that the asset is positioned to benefit from expanding macroliquidityas well as its central role in facilitating collateral across thedecentralized finance(DeFi) landscape. Consequently, he floated aggressiveyear-end price targetsfor bothETHandBTC, penciling in a price point of $12,000 for the former. Image source: XHayes is not buying alone becauseawhaleoperating under the address geministar. eth too bought another 11,142ETH(about $19. 94 million) in a single move,accumulating 32,278 ETH(roughly $57 million)over a 48-hour stretch. Much of the haul was sourced from Binance. The scale of the purchase, that too over such a short window, seems to suggest the move was deliberate and well-funded rather than based on retail momentum alone. Smart Money vs. a Soft MarketThe accumulation has grabbed eyeballs across the table since ether has massively underperformedbitcoin, frustrating holders, even aswhaleaccumulation climbed toward yearly highs. To this point,Bitcoin. comNews recently reported on large buyers stacking ether on weakness, including awhalethat accumulated21,800 ETHin a multimillion-dollar bet on the network’s long game. That said, the picture is not uniformlybullishbecause the same onchain data that captured heavy buying recently has also flagged heavy selling with one large holderdumping 20,000 ETHfor about $41. 18 million in a single hour late last month. Hayes himself haspreviously unloaded etherand other tokens before re-entering, showing how quickly conviction trades can reverse. In any case, the weight of these latest flows is indicative of real accumulation; however, whether a couple of moves can create a durable bottom forETHis still uncertain. What is clear is that, at current prices, the market’s biggest players are still willing to bet big on ethereum. A solo ethereum wallet offloaded 20,000 ETH worth $41. 18 million at $2,059 in under an hour, adding fresh selling pressure…Ethereum Whale Dumps 20,000 ETH for $41. 18M in a Single Hour as $2,000 Support EmergesA solo ethereum wallet offloaded 20,000 ETH worth $41. 18 million at $2,059 in under an hour, adding fresh selling pressure…A solo ethereum wallet offloaded 20,000 ETH worth $41. 18 million at $2,059 in under an hour, adding fresh selling pressure…