Renowned cryptocurrency figure Arthur Hayes has been dubbed the ‘Tom Lee of Solana’ following his appointment to the Solana treasury advisory committee by Upexi. This comes after he re-emerged on the crypto scene with a significant investment in altcoins. The appointment marks a return for Hayes, who previously co-founded BitMEX and is now the CIO of Maelstrom, where he will leverage his market insights and expertise to contribute to Upexi’s digital asset strategy. Hayes has been compared to Tom Lee, renowned for his impact on the Ethereum ecosystem. 7.43 million worth of altcoins were added to Hayes’ portfolio following his announcement. This appointment is expected to unlock further capital for the Solana treasury, drive business strategy, and boost visibility. Upexi’s advisory committee aims to compound value for shareholders and accelerate Solana’s adoption as a foundational infrastructure for decentralized future, according to their official statement. Beyond this new role, Hayes recently made waves by proposing Tom Lee as the next Head of the Ethereum Foundation. This sparked debate within the crypto community, with some seeing it as a bold shakeup to the traditional approach, while others argued for a more technical and cypherpunk-centric approach. The potential impact on the Ethereum ecosystem remains to be seen. Furthermore, BitMine’s recent announcement indicates Hayes’ commitment to supporting the cryptocurrency industry. This firm has revealed plans to purchase $20 billion worth of Ethereum, raising anticipation within the crypto community and mirroring a similar strategy employed by Microstrategy under Michael Saylor. This move could propel BitMine’s ETH holdings into the top 5% of all ether supply. Meanwhile, crypto analyst Merlijin predicted a significant rally for Ethereum driven by Wall Street, retail, and global adoption.