Arthur Hayes’ recent on-chain transactions have stirred market sentiment as he bolstered his Ethereum and DeFi asset holdings, according to data from Arkham intelligence and public X posts. These moves reflect a strategic shift in his investment strategy, potentially influencing trader confidence and driving renewed optimism around the future of Ethereum. 24-hour activity revealed that Hayes converted USDC into various crypto assets like ETH, LDO, ETHFI, and PENDLE, indicating a buying spree at inflated prices following recent sales. This move triggered a risk-on trend in the market, with traders reacting to his substantial shifts in USDC holdings. Hayes’ actions signal confidence in the crypto markets, but their long-term impacts remain unclear. Furthermore, these transactions did not trigger any new regulatory responses and Hayes’ strategy aligns with historical trends where his past moves have often preceded significant market shifts.