20.09.2025 13:40

On-chain data analysis from various internet sources suggests that Arthur Hayes, a prominent and often controversial figure in the cryptocurrency world, has moved a substantial amount of EtherFi (ETHFI) tokens. A transaction involving 1.22 million ETHFI, valued at approximately $1.88 million, was traced from a wallet associated with Hayes to the cryptocurrency exchanges Binance and Galaxy Digital.

While the ultimate purpose of the deposit cannot be definitively confirmed without access to internal exchange records, such large-scale movements to trading platforms are typically interpreted by analysts as a precursor to a sale. Coinciding with this development, the value of ETHFI has experienced a notable downturn, falling by 7.7% over the past 24 hours, sparking speculation about the impact of the potential sell-off.

This recent price dip places the altcoin a considerable 82% below its all-time high of $8.57, which was achieved last year. Nevertheless, the token's performance shows a different picture from a longer-term perspective, as it currently trades at a level 273% higher than its all-time low recorded just five months prior, illustrating its significant volatility.

Arthur Hayes is widely known as the co-founder of the derivatives exchange BitMEX, and his career has been marked by significant legal challenges. He previously faced allegations of market manipulation, which resulted in his resignation, a fine from U.S. authorities, and a subsequent sentence. Despite this history, he has since re-emerged as an influential market commentator and investor within the digital asset space.