Arthur Hayes Dumps $22M in Altcoins as Market Turns Risky

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Why did Arthur Hayes sell $22 million worth of cryptocurrencies in such a short time?

What impact did Arthur Hayes' selling have on the cryptocurrency market?

How did the prices of the major coins sold by Arthur Hayes change after the sell-off?

Arthur Hayes Dumps $22M in Altcoins as Market Turns Risky — Image source: Unblock Media

BitMEX co-founder liquidates entire alt portfolio amid shifting macro risks—$22M in total.
Community raises concerns after sharp exit follows public endorsements of same tokens.

On October 24, 2026 (UTC), TradingView News reported that Arthur Hayes, co-founder of BitMEX and head of the Maelstrom family office, unloaded approximately $22.28 million in altcoins within an hour. Hayes closed out 6,400 Ethereum (ETH) valued at $15.2 million, 14 million Ethena (ENA) worth $2.76 million, and 323,000 Uniswap (UNI) totaling $2.24 million. Hayes attributed the move to what he described as a “bit dicey” macroeconomic and geopolitical environment, stating he would stay on the sidelines until market signals improved.

The decision was notable given Hayes’s previously bullish public stance on these assets. On-chain analysts and observers such as ZachXBT pointed to the stark contrast between his recent endorsements and this rapid portfolio exit. Earlier in 2026, Hayes had exited significant positions in tokens like HYPE, NEAR, ZEC, WLD, and CARDS after vocalizing support, further fueling skepticism.

Hayes’s latest divestment has intensified scrutiny around his trading activity. Market analysts are closely watching for ripple effects, as his portfolio moves historically drive volatility and debate in altcoin markets.

As of October 24, 2026, 14:09 UTC, Ethereum (ETH) trades at $2,365.27 (-1.80% 24h), Ethena (ENA) at $0.187 (-8.48%), and Uniswap (UNI) at $6.84 (-4.16%). Other referenced tokens include Zama (ZAMA) at $0.07 (-7.11%), Pendle (PENDLE) at $1.99 (-4.51%), Aerodrome Finance (AERO) at $0.70 (-6.30%), USDC (USDC) at $1.00 (+0.01%), and ether.fi (ETHFI) at $0.62 (-4.11%).