The post Arthur Hayes Dumps Millions in Crypto Including ETH, Amid Bet on U.S. Tariff Impact appeared on BitcoinEthereumNews.com.
Arthur Hayes, the co-founder of crypto exchange BitMEX, has offloaded more than $13 million worth of crypto holdings, including ether (ETH), ethena , and pepe . Data from Arkham Intelligence shows Hayes sold millions worth of these cryptocurrencies and moved to accumulate USDC, with the stablecoin now making up over 80% of the $27.9 million in the address associated with him. The address sold 2,373 ETH worth $8.32 million, 7.76 million ENA valued at $4.62 million, and 38.86 billion PEPE for $414,700. In a post on X, he seemingly confirmed he is behind the address and pointed to a bearish scenario for the crypto space. Hayes suggested that markets will take a hit from the impact of President Donald Trump’s tariffs, some of which came into effect on Aug. 1 and others are coming on Aug. 7, which affect key trading partners. Combined with a weaker-than-expected U.S. jobs report, he argued that no major economy is expanding credit fast enough to boost nominal GDP. Against this backdrop, he predicted bitcoin could “test $100K†while ether will revisit $3,000. Y? US Tariff bill coming due in 3q … at least the mrkt believes that after NFP print. No major econ is creating enough credit fast enough to boost nominal gdp. So $BTC tests $100k, $ETH tests $3k. Come see my @WebX_Asia Tokyo keynote Aug 25 for more info. Back to the beach. https://t.co/zuHlwgQKC7 — Arthur Hayes (@CryptoHayes) August 2, 2025 The crypto market, as measured by the CoinDesk 20 (CD20) index, lost more than 7.5% of its value over the past week as rate cut hopes faded. Bitcoin outperformed the wider market with a 3.9% drop, and is now standing at $113,500. Similarly, Ether saw a 6.5% drop in the same period and now trades at $3,500. While rate cut hopes…
