2025-12-31 04:26:54

BitMEX co-founder Arthur Hayes has recently made significant moves in the DeFi market. After liquidating a wave of DeFi tokens in mid-November, he started a new round of accumulation at the end of November. In just one month, this guy has bought tokens from four DeFi projects, totaling $7.77 million.

Specifically, his purchase list includes: 1.397 million PENDLE tokens, costing $2.87 million with an average price of around $2.05; 10.94 million ENA tokens, spending $2.61 million at an average price of $0.24; 1.32 million ETHFI tokens, costing $1 million at an entry price of $0.76; and 2.295 million LDO tokens, investing $1.29 million at an average price of $0.56.

From this layout, Hayes seems quite optimistic about the current DeFi ecosystem. Especially with liquidity staking tokens like LDO, and emerging DeFi projects like ENA and ETHFI, he shows a firm stance on increasing his positions. This also reflects a judgment by major capital players on the future trend of the DeFi sector.

PENDLE1,88%

ENA-0,78%

ETHFI-1,52%

LDO-0,59%

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On-ChainDiver

· 7h ago

With a $7.77 million move, Hayes is still so ruthless—completely clearing out and then turning around to build positions. This rhythm is incredible. --- Buying at $0.24 ENA, this guy is really daring, gambling a bit aggressively. --- I can understand increasing LDO positions, but those new tokens... can they really turn around? --- Looking at his moves, does he think DeFi has bottomed out? Or is he just genuinely optimistic about these projects? --- Adding $7.77 million in a month and just doing it—how insecure must I feel to operate like that? --- The combination of PENDLE, ENA, ETHFI, and LDO feels a bit all over the place. --- Big moves by whales are signals—whether to follow or not, that’s the real question. --- Hayes clears out and then buys again. This kind of frantic trading is usually beyond the reach of ordinary people.

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GweiWatcher

· 16h ago

Damn Hayes, this move is pretty aggressive, sweeping up 7.77 million USD in a month. What opportunity did he see? --- Hmm... Projects like ENA and ETHFI dare to invest so heavily. Either he's betting right, or... never mind, not gonna think about it. --- LDO is even being added to by Hayes? The liquidity staking sector is really about to take off. --- He sold all his holdings and immediately re-entered. This guy's sense of timing is incredible. Why do I always operate in the opposite direction? --- 77.7 million just as a meal money. I don't understand the world of big investors. --- But honestly, the movement of big funds deserves some analysis. So much information is hidden in these positions. --- Did PENDLE buy in at an average price of over 2 dollars? Didn't everyone say it was overvalued? Looks like there's more to the story. --- ENA's average price is only 0.24? If it gets pumped, Hayes will make a killing again. --- Every time I see big investors operating, I start to reflect. When can I, as a small retail investor, catch up with the rhythm?

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HashBrownies

· 16h ago

Hayes's move this time is quite interesting, first closing positions then building, it seems he's waiting for a good price. $7.77 million invested, this guy is really committed to DeFi. ENA average price of 0.24, how much does it need to rebound to break even... I agree with the LDO layout, there is indeed room for imagination in the liquidity staking sector. Big players are all lurking, should we retail investors follow or wait and see? In this list, the entry prices for PENDLE and ETHFI don't look cheap, are they really? Hayes changing his approach every month shows he's also analyzing the market rhythm, I need to think about this.

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DegenTherapist

· 16h ago

Hayes' move this time really seems to have some substance, 7.77 million says just do it ENA's price is indeed ridiculously cheap, no wonder he's daring enough to buy so much at once LDO's steady approach, old tokens are still in demand ETHFI and PENDLE are betting on whether they can rise, honestly it's still a confidence issue However, this guy's quick to liquidate also quite fast, changing face every month, it seems DeFi is also a bit unpredictable now

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AirDropMissed

· 16h ago

Big boss, this wave of operations is indeed quite impressive. After clearing the position, you turned around and bottomed out, the rhythm is quite tight. The volume level of ENA being swept in shows a real confidence in the chips. These new-generation DeFi projects also carry significant risks; it all depends on how the subsequent trend develops. Hayes' frequency makes me a bit itchy. A scale of 7.77 million for building a position, just thinking about it makes me envious. By the way, the average price of LDO is only 0.56. When did that happen? It feels a bit虚 (uncertain or虚虚的).

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WhaleSurfer

· 16h ago

Spending 7.77 million dollars in a month, is Hayes optimistic about DeFi or just gambling? Wait, did you buy ENA at 0.24? I bought it last year when it was more expensive than this... The movements of big players definitely need attention, but this guy's pattern of clearing and then re-entering is really... how should I say it? I've also looked into PENDLE and LDO, and I feel they indeed have potential, but how risky is it to enter at this price? Hayes making a move is always a market indicator; whether to follow or not is the question. Another story of earning and losing in a month, pretty intense. Can this logic be reused? Or is it just blindly following people? Is DeFi about to surge again? The signals seem a bit chaotic. The judgment of big funds = should we go all in? Come on, don't be ridiculous. Isn't it just betting on a new cycle? It's all the same routine anyway.

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MEV_Whisperer

· 16h ago

Bro, your move is a bit rushed this time, clearing out and then building positions again. Is it real or fake? The moves of the big players are always a weather vane; I have to follow suit. The price of ENA is indeed cheap, but it feels like entering the market too quickly. 7.77 million, not too much, not too little. Is Hayes really betting on a DeFi rebound? I've already been holding LDO for a while; it seems my strategy was right. This rhythm feels like bottom fishing, or maybe he knows something we don't? Staking tokens are definitely worth paying attention to. Hayes's vision is never wrong.

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