Arthur Hayes Returns to Ethereum Market After Recent Trade Shift

Arthur Hayes, CIO of Maelstrom Fund, has entered the Ethereum market again after recently exiting positions at a lower price point. This move saw him invest $8 million in ETH and select DeFi tokens like Lido DAO and ETHFI. 1,500 ETH ($6.35 million) was purchased at an average price of $4,233, along with 425K LDO ($557K), 420K ETHFI ($517K), and a combined $1.53 million in Pendle across two tranches. This comes as Ethereum continues to rally, reaching new highs above $4,300 following recent positive market movements.