Arthur Hayes "Selling Ethereum and Moving Funds to DeFi"

Doohyun Hwang

Summary

Arthur Hayes has said he is currently circulating funds from Ethereum into DeFi assets.
Hayes cited 'changes in the macroeconomic environment' and improvements in fiat currency liquidity as the background for this decision.
He said he believes the DeFi sector will outperform market returns.

On the 19th (local time), Hayes said on his X, "I am currently moving out of Ethereum (ETH)** and circulating funds into high-quality decentralized finance (DeFi) assets."

He cited 'changes in the macroeconomic environment' as the background for this decision. Hayes said, "As fiat currency liquidity improves, I believe the DeFi sector will outperform market returns."

Earlier, Hayes transferred about 500 Ethereum to Galaxy Digital as he appeared to be preparing to sell.

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