Arthur Hayes dumps ~$22M in Maelstrom tokens nine days after going long ETH

On Saturday, Arthur Hayes, a BitMEX co-founder, sold Maelstrom’s directional trading book across seven tokens for about $22.28 million, according to blockchain trackers. The transfers, between 1:34 and 2:14 a.m. ET, included 6,400 ETH worth roughly $15.2 million, 14 million ENA worth about $2.76 million, and 323,000 UNI worth about $2.24 million, plus smaller amounts of ETHFI, AERO, PENDLE and ZAMA. Hayes wrote on X that he had taken profits and was waiting for a clear signal, citing dicey macro and geopolitical conditions. He had written on Oct. 15 that he was long BTC and ETH to trade an eventual multitrillion-dollar bailout, and a labeled wallet still held 14.45 million ENA afterward.