Crypto

Arthur Hayes Bets Big on Ether.fi With $1.17 Million Token Buy

Guavy AI Editorial Team Published August 24, 2026

Instruments

BTC ETH ETHFI

Arthur Hayes, co-founder of BitMEX, has made a significant move in the cryptocurrency market by buying back Ether.fi (ETHFI) tokens. This purchase comes after he sold 265,461 ETHFI at $0.44 in April and booked a loss of around $118,000.

Hayes bought 1.9 million ETHFI tokens worth $1.17 million at $0.62 per token, which is about 41% higher than the price he sold them for earlier this year.

ETHFI has been on a roll in recent times, with its price climbing 25.3% over the past week. This rally puts it ahead of Bitcoin's (BTC) 21.4% gain and even beats Ethereum's (ETH) 27.8% advance.

However, ETHFI is still trading at around 93% below its record high of $8.53 in March 2024. Hayes' purchase has sparked interest among market analysts, with some questioning whether he will hold onto the tokens through the next drawdown.

Arthur Hayes Bets Big on Ether.fi With $1.17 Million Token Buy

Bitrue Users Hit $35M Milestone in NEAR Protocol Staking

Near Protocol Breakout Watch: $2.1274 Resistance Level in Focus

Trader Doubles Down on $23.13M Short Position After $4.56M Loss