Arthur Hayes Sells Off Four DeFi Tokens Today, Suffers Nearly $3.5M Loss

According to on-chain analysts, BitMEX co-founder Arthur Hayes has been actively trading in the secondary market. He recently liquidated four DeFi tokens he purchased last December for a total of $9.35 million, incurring a loss of $3.48 million.

• Bought 2.3 million LDO at $0.56 and sold at $0.42, losing $310,000;
• Purchased 15.8 million ENA at $0.23 and sold at $0.13, losing $1.54 million;
• Acquired 1.4 million PENDLE at $2.06 and sold at $1.34, losing $990,000;
• Bought 2.15 million ETHFI at $0.74 and sold at $0.47, losing $630,000.

This trading behavior reveals that Hayes has been attempting a buy-low, sell-high strategy amid market fluctuations, though it ultimately resulted in losses.