Arthur Hayes sells $22 million in ETH and altcoins, warns crypto must fall further

Arthur Hayes, founder of the digital asset investment firm Maelstrom, reportedly sold approximately $22.28 million in cryptocurrencies including Ethereum (ETH), Ethena (ENA), Uniswap (UNI), and various other altcoins. Hayes cited mounting economic uncertainty and geopolitical risks as key reasons behind the move, stating that the fund had closed all of its directional trades. Hayes disclosed in a post on X that Maelstrom decided to exit its directional trading positions, realizing profits on a wide range of tokens. The portfolio’s total sales included 6,400 ETH valued at $15.2 million, 14 million ENA worth $2.76 million, and 323,000 UNI amounting to $2.24 million. Other notable sales comprised 1.89 million ETHFI worth $1.23 million, 546,609 AERO at $398,000, 120,000 PENDLE at $244,000, and 3 million ZAMA valued at $214,000.

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