Arthur Hayes Bets Big on Altcoins as Positive Crypto Market Momentum Builds

Arthur Hayes, renowned crypto veteran and CIO of Maelstrom Fund, has embarked on a bold altcoin acquisition spree in recent days. Following a positive market trend, he transferred approximately $16.5 million USDC across major exchanges and an unknown address, fueling substantial purchases of various altcoins. He allocated $7.43 million for 1,750 ETH, $1.02 million on Pendle coins, and $556,570 for Lido DAO (LDO) and $526,600 for Ether.fi (ETHFI). These acquisitions reflect a strategic diversification strategy across multiple altcoin categories like Ethereum, Pendle, Lido DAO, and Ether.fi.