Arthur Hayes Scoops Up $2M in UNI Amid Market Gains

Arthur Hayes, co-founder of BitMEX, has purchased around 284,100 UNI tokens for approximately $2.01 million over two consecutive days. According to on-chain data recorded by Onchain Lens and confirmed by Etherscan, the transactions were executed across two sessions without any concrete catalyst or market event backing them.

The first batch of around 244,400 units was executed on Sunday, with the remaining 39,700 units executed on Monday. Hayes had posted on X about running it back turbo, referencing his previous returns during the decentralized finance boom in 2020. He also described UNI as 'his favorite type of sushi', a nod to the Japanese name for sea urchin.

The same wallet accumulating UNI also holds around 8,013 ETH and has withdrawn capital from Galaxy Digital, Cumberland, and FalconX to avoid moving prices on public markets. This pattern of opportunistic, large-scale buying is evident in Hayes' previous transactions, including rebuilding a position in Ether.fi in August.

UNI's market performance shows it trading at $6.9 with a 33% weekly gain but a 0.8% decline in the last few hours and a 54% drop in volume compared to the previous session. The token has accumulated a gain of 76.8% over the past month, though it remains 84% below its all-time high of $44.92 recorded in May 2021.