Arthur Hayes dumps millions in crypto including ETH, amid the impact of the US tariff
Arthur Hayes, the Co-Founder of Crypto Exchange BitMex, has been offloaded by more than $ 13 million worth of crypto holders, including Ether (Et)Dan
And Pepe.
Data from Arkham Intelligence Hayes shows millions of amounts in these cryptocurrencies and moves to accumulate the USDC, with Stablecoin now make up more than 80% of $ 27.9 million in the address associated with him.
The address sells 2,373 ETHs worth $ 8.32 million, 7.76 million ENA worth $ 4.62 million, and 38.86 billion pepes for $ 414,700. In an X post, he seems to have confirmed that he was behind the address and pointed to a bearish scenario for the crypto space.
Hayes suggested that the markets will derive an impact from the impact of President Donald Trump’s tariffs, some of which occurred on August 1 and others will come on August 7, affecting major trading partners.
Combined with a more vulnerable job report in the US, he argued that no major economy expanded fast credit to boost the nominal GDP. Against this backdrop, he predicted Bitcoin could “try $ 100K” while Ether would visit $ 3,000 again.
Y? The US Tariff Bill is coming because of 3Q … MRKT at least believes that after the NFP’s printing. No primary ECON creates enough credit quickly to boost the nominal GDP. So $ Btc Test of $ 100k, $ Eth Test of $ 3k. Come see my @Webx_asia Tokyo Keynote Aug 25 for more information. Back to the beach. https://t.co/zuhlwgqkc7
– Arthur Hayes (@CrypTohanes) August 2, 2025
The crypto market, as measured by CoinDesk 20 (CD20) index, lost more than 7.5% of its value in the last week as The rate of rate is fading. Bitcoin raised the broader market with a 3.9% collapse, and is now standing at $ 113,500.
Similarly, Ether saw a 6.5% collapse at the same time and is now trading for $ 3,500. While the rate hopes hoped to fade on Friday, later in the session they moved forward after the The labor market showed signs of weakness. Polymarket traders are now Weighing a 70% chance of a rate cut in September.
The market also decreases as tensions between the US and Russia are rising. After former Russian president Dmitry Medvedev threatened the US in response to an ultimatum in Moscow to agree to a cessation of fireTrump said he ordered two nuclear submarines to move to “appropriate regions.”
Despite the sale, Hayes can remain bullish. In a Post last monthHe said his target end of the year for the price of Bitcoin was $ 250,000, as he saw the ether rose to $ 10,000.
