Arthur Hayes Sells Trading Book and Tokens Worth $22 Million
Arthur Hayes says he exited his family office Maelstrom's directional trades and is stepping back from crypto. Lookonchain estimates about $22.28 million in tokens were sold.
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what happened
According to Stocktwits, Arthur Hayes said on X that he sold the entire directional trading book of his family office, Maelstrom, and took profits on Ethereum, Ethena and Uniswap. He cited a shaky macroeconomic and geopolitical backdrop for the move, saying crypto needs to "go down to go up." Hayes expects a money-printing cycle to follow soon and said he will stay on the sidelines for a while.
On-chain monitoring firm Lookonchain estimated that wallets linked to Hayes sold about $22.28 million in tokens across seven assets. The largest sale was 6,400 ETH, worth roughly $15.2 million. Stocktwits noted that the wallet was not independently verified.
All of the coins in Hayes' trades were still in the red at the time of reporting. Ethereum traded near $2,363, down over 1%, while Bitcoin was near $80,373 amid a broader crypto sell-off.
why it matters
The story matters more as a sentiment signal than as a market mover. A prominent Ethereum bull has cut risk and moved to cash, and his earlier calls on ETH, ENA and ETHFI have not played out. The sale is small against the overall market, so direct price impact is limited.
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sources
- Arthur Hayes Dumps Entire Trading Book, Sells Over $22M In Tokens As He Says Crypto Needs To ‘Go Down To Go Up’ — Stocktwits, 24 October 2026 at 09:46 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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