Arthur Hayes completes second ETH purchase of 646.93 ETH ($1.24M), with transaction now settled.
Macro & Markets ·
Arthur Hayes, a prominent figure in crypto, has completed a second over-the-counter purchase of 646.93 ETH valued at approximately $1.24 million, with the transaction now settled on-chain. The ETH arrived at address 0x6cd66dbdfe289ab83d7311b668ada83a12447e21 following the settlement.
This purchase represents part of a broader accumulation pattern. Hayes sent 1.25 million USDC to Galaxy Digital and received 646.33 ETH in return, followed by another 1.25 million USDC transfer to FalconX, suggesting a second concurrent OTC trade. Both transactions were executed through established digital asset trading venues rather than on-chain swap protocols.
The timing and scale of these back-to-back purchases signal sustained demand for ETH at current valuations, though Hayes's total intended accumulation size and motivation remain undisclosed. No public statement from Hayes or the trading counterparties has explained the rationale for these transactions.