Hayes Exits All Altcoin Bets, Cashes Out $22 Million

BitMEX co-founder Arthur Hayes has closed every directional trade in the Maelstrom portfolio. On-chain data shows 22.28 million dollars moved from his wallets, including 6400 ETH, 14 million ENA, 323,000 UNI and smaller holdings in ETHFI, AERO, PENDLE and ZAMA.

Large portions of the tokens were routed to market makers and OTC desks, confirming the sales. Hayes said the firm simply took profits on the positions.

He warned that macro and geopolitical uncertainty keeps near-term risks elevated and suggested the market may need one more dip before a durable recovery begins.

Based on information from cryptonews.net