Overview
- He offloaded 1,480 ETH worth about $4.7 million over two days, with reports tallying nearly $5 million sold in a single day and up to $7.4 million across six tokens over 48 hours.
- Sales spanned ETH, ENA, LDO, AAVE, UNI, and ETHFI, with transfers routed to institutional desks including Flowdesk, FalconX, Wintermute, and B2C2, according to Lookonchain, OnchainLens, and EmberCN.
- Arkham Intelligence data shows his portfolio value fell by more than 30% in November to roughly $42.2 million from about $63 million.
- The activity unfolded during sharp market stress that triggered roughly $620 million in liquidations and pushed major tokens to multi-month lows.
- Hayes has been outspoken about Zcash, saying he increased his position and promoting it publicly, which has fueled speculation he is rotating proceeds into ZEC.