📉 Arthur Hayes Offloads Altcoins Again — While Zcash Skyrockets 220% Monthly

The former BitMEX CEO trims ETH, ENA, LDO, AAVE, and UNI during market turbulence — but remains bullish on ZEC as it massively outperforms the market.

Former BitMEX CEO and co-founder Arthur Hayes has reportedly initiated another round of altcoin selling, according to analytics from Lookonchain. The move comes amid fresh crypto volatility, underlining that even veteran traders struggle to time short-term swings.

Hayes initially dumped significant amounts of ETH, ENA, and ETHFI within hours — then doubled down with an additional $1.4M+ in sales across ETH and ENA, while trimming LDO, AAVE, and UNI.

This follows last Friday’s sharp downturn, when Bitcoin slid to $94,000 and Ethereum dipped to $3,100, triggering broad altcoin weakness.

🔎 Quick Facts

• 📉 Hayes sold ETH, ENA, ETHFI, LDO, AAVE, UNI
• 💸 Additional sales exceeded $1.4M in ETH + ENA
• 📉 Market downturn: BTC hit $94,000; ETH dropped to $3,100
• 🚀 ZEC surged 26% weekly and 220% monthly
• 🔍 Hayes previously reaccumulated ETH after mis-timing earlier sales

📉 Hayes Cuts Altcoin Exposure During Market Turbulence

The latest altcoin liquidation reflects the difficulty of navigating the current market. Despite Hayes’ experience, his timing hasn’t always been perfect: earlier this year he warned of a pullback, sold heavily — only for the market to recover, leading him to reaccumulate ETH at higher prices.

His recent round of sales shows a flexible, adaptive approach rather than rigid adherence to his former stance of "never taking profit again."

🚀 ZEC: The Lone Standout as Altcoins Bleed

While most altcoins suffered double-digit declines, Zcash (ZEC) became the breakout winner:

• 🔥 +26% in the last week
• 🚀 +220% over the past month

Hayes has repeatedly praised ZEC publicly, even saying it outperforms XRP on social media. His enthusiasm for ZEC — contrasted with selling other altcoins — suggests he sees stronger momentum and long-term value in privacy-oriented assets.

📊 Market Sentiment and Risk Management

Despite Hayes’ influence, his sales aren’t large enough to materially move the overall market. Instead, they serve as:

• 📉 a sentiment signal for altcoins
• ⚠️ a reminder that high volatility demands active risk control
• 🔄 an example of how even insiders rebalance in uncertain markets

The episode reinforces a broader truth: market timing is hard — even for industry veterans.

📈 What Investors Should Watch

• 🧭 ZEC’s continued momentum relative to other privacy coins
• 📉 Whether Hayes’ selling precedes further altcoin weakness
• 📊 Market stabilization signals from ETH and BTC after Friday’s drop

📚 Why It Matters

• 📉 Hayes’ moves reflect cautious positioning amid volatility
• 🚀 ZEC’s breakout performance may indicate a structural trend
• 🔄 Large holders continue to rebalance in fast-changing markets
• 🧩 Offers insight into insider sentiment during correction phases

✅ TL;DR

• 📉 Arthur Hayes sold ETH, ENA, ETHFI, LDO, AAVE, UNI.
• 💸 Additional sales exceeded $1.4M.
• 🔥 Zcash surged 220% monthly and remains Hayes’ standout pick.
• 📉 Market correction: BTC at $94K, ETH at $3.1K.
• 🔄 Hayes continues flexible rebalancing despite prior mis-timing.

📚 Read Also

• Whale Bid Walls Defend BTC at $97K
• Bitcoin Reset Driven by ETF Outflows — 10x Research
• Cypherpunk Technologies Goes All-In on ZEC
• 21Shares Launches Two Crypto Index ETFs