Arthur Hayes, the co-founder of Crypto Exchange Bitmex, discharged more than $ 13 million in cryptographic participations, including the ether (Eth)Ethena
and pepe.
Arkham Intelligence’s data show that Hayes have sold millions of these cryptocurrencies and moved to accumulate the USDC, the stablecoin now representing more than $ 27.9 million in the address associated with it.
The address sold 2,373 ETH worth $ 8.32 million, 7.76 million ENA worth $ 4.62 million and 38.86 billion PEPE for $ 414,700. In an article on X, he apparently confirmed that he was behind the address and showed a downward scenario for cryptographic space.
Hayes suggested that the markets will take an impact on the prices of President Donald Trump, some of which came into force on August 1 and others arrive on August 7, which affect the main business partners.
Combined with a lower than expected American job report, it argued that no major economy widens the credit quickly enough to stimulate nominal GDP. In this context, he predicted that Bitcoin could “test $ 100,000” while Ether will return $ 3,000.
Y? Us Bill price at the outlet in 3q… At least the MRKT believes that after the NFP printing. No major eon creates enough credit quickly enough to stimulate nominal GDP. SO $ BTC Test $ 100,000, $ ETh Test $ 3,000. Come see my @Webx_asia Tokyo Keynote on August 25 for more information. Back to the beach. https://t.co/zuhlwgqkc7
– Arthur Hayes (@cryptohayes) August 2, 2025
The cryptography market, as measured by the Coindesk 20 index (CD20), lost more than 7.5% of its value in last week while hopes for dropping rate have faded. Bitcoin has surpassed the larger market with a decrease of 3.9% and is now at $ 113,500.
Likewise, Ether saw a drop of 6.5% in the same period and is now negotiated at $ 3,500. While the hopes of rate reduction were killed on Friday, later in the session, they increased after the labor market showed signs of weakness. Polymarket merchants now weigh 70% of a drop in rate in September.
The market also decreases as tensions between the United States and Russia degenerate. After former Russian president Dmitry Medvedev threatened the United States in response to an ultimatum in Moscow to accept a cease-fire, Trump said that he had ordered two nuclear submarines to move to “appropriate regions”.
Despite the sale, Hayes can remain optimistic. In a position last month, he said that his end -of -year objective for the Bitcoin price was $ 250,000 when he saw Ether reaching $ 10,000.
