Arthur Hayes Offloads ETH, ENA, and AAVE as Crypto Market Turmoil Deepens

Updated

November 17, 2025

Gambar Arthur Hayes Offloads ETH, ENA, and AAVE as Crypto Market Turmoil Deepens

Jakarta, Pintu News – Arthur Hayes sold nearly $5 million worth of crypto assets within 24 hours after a sharp drop in the market. The BitMEX co-founder reduced his exposure to a number of major altcoins.

The move comes amid a market correction that has seen many major cryptocurrencies hit multi-month lows in global markets.

Hayes Releases Most of His Portfolio

Based on data from analytics platform Lookonchain, Hayes offloaded most of his portfolio through exchanges and over-the-counter (OTC) channels. Sales are made through platforms such as FalconX and Wintermute.

Arthur Hayes(@CryptoHayes) appears to have sold 520 $ETH($1.66M), 2.62M $ENA($733K), and 132,730 $ETHFI($124K) 4 hours ago.https://t.co/loeYKUb9rN pic.twitter.com/NDEJlxGiWn
— Lookonchain (@lookonchain) November 16, 2025

The largest transaction was recorded on Ethereum with a value of about $2.48 million. He also sold Ethena worth $1.384 million and Lido DAO (LDO) worth $480,000. In addition, Hayes sold Aave for $289,000, Uniswap for $209,000, and ether.fi (ETHFI) for $124,000.

Market Downturn Worsens as Large Holders Reduce Exposure

The massive sell-off comes after the crypto asset’s valuation experienced a sharp decline. On Friday, Bitcoin plummeted to $94,000, recording its lowest point in six months.

Ethereum also fell to $3,100, and most altcoins also experienced significant corrections. Pressure on traders increased as liquidity dried up and volatility spiked in major global markets.

Market analysts noted that this fall was accelerated by the sell-off of large holders. Their move exacerbated an already fragile condition. Arthur Hayes’ move comes amid extremely cautious investor sentiment.

Hayes’ disposal of assets from various projects reflects a broader trend to reduce risk amid market turmoil after large losses in a short period of time.

Arthur Hayes Supports Zcash Amid Market Pressure

Amidst the crypto market turmoil, Arthur Hayes reiterated his support for Zcash (ZEC). He stated that Zcash has more upside potential than XRP (XRP), comparing their respective market capitalizations-Zcash is around $10 billion, while XRP is at $135 billion.

Hayes also revealed that ZEC is now the second largest liquid asset in his portfolio, on par with Bitcoin.

This chart is just so stronk I aped more.$ZEC > $XRP pic.twitter.com/2l0u1I8n7R
— Arthur Hayes (@CryptoHayes) November 15, 2025

Hayes estimates that the ideal value of ZEC could be 0.2 BTC, or about $19,200. At that valuation, Zcash’s market capitalization would hit $313 billion, making it the third-largest crypto after Bitcoin and Ethereum.

In the past week, Zcash recorded a gain of 18.80%, and on a monthly basis surged more than 235.50%-a striking achievement amid other altcoins’ sharp declines. This positive performance has made ZEC stand out amid heavy pressure on risky assets, including stocks and commodities.

Hayes’ move reflects a change in strategy from major market participants. The massive sell-off of various tokens, with a particular focus on Zcash, suggests a more selective approach in the face of a fragile market.

Currently, the market is still in a readjustment phase as traders reassess their exposure following one of the sharpest waves of declines in recent months.

FAQ

Who is Arthur Hayes?

Arthur Hayes is the founder of BitMEX, a crypto trading platform.

Why is Arthur Hayes selling crypto assets in a big way?

Arthur Hayes sells crypto assets to reduce risk amidst volatile market conditions and high volatility.

What is Zcash (ZEC)?

Zcash is a privacy-focused crypto, which offers more protected transactions compared to other cryptos such as Bitcoin

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app through Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference: