TLDR
- Arthur Hayes purchased 1,293 ETH worth about $2.5 million at above $1,900.
- Earlier transactions showed Hayes selling Ethereum near $1,700 after accumulating 5,900 ETH.
- Three new wallets withdrew nearly $58 million in ETH from Coinbase Prime.
- Abraxas Capital rotated funds from Bitcoin into 8,153 ETH through Kraken.
- On-chain records showed continued Ethereum accumulation among several large holders.
Ethereum extended its recent advance after Arthur Hayes purchased more ETH above the $1,900 level. The transaction followed an earlier sale near $1,700 that drew attention across the cryptocurrency market. Arthur Hayes returned to Ethereum as on-chain data highlighted renewed whale accumulation alongside broader buying activity.
Ethereum Purchase Follows Earlier Sale at Lower Prices
On-chain tracker Lookonchain reported that Arthur Hayes acquired 1,293 ETH for approximately $2.5 million. The purchase pushed his Ethereum holdings higher after recent market strength. The acquisition occurred while ETH traded above the $1,900 mark.
Arthur Hayes(@CryptoHayes) bought 1,293 $ETH($2.48M) an hour ago.https://t.co/gau6egd7Vm pic.twitter.com/nmz9bskHSL
— Lookonchain (@lookonchain) July 16, 2026
The latest purchase contrasted with transactions completed during mid-June. At that time, Arthur Hayes accumulated about 5,900 ETH for roughly $10.58 million over several days. He later sold the entire position for nearly $10 million after prices weakened.
The earlier sale resulted in a loss exceeding $600,000 within a short period. Market data showed the disposal happened while ETH traded below $1,700. The latest purchase placed Arthur Hayes back into Ethereum after that previous exit.
Whale Activity Expands Beyond a Single Buyer
Blockchain records also showed increased activity from other large Ethereum holders. Arthur Hayes was not the only market participant increasing exposure during the recent rally. Several major transactions appeared across multiple wallets.
Lookonchain reported that three newly created wallets withdrew almost $58 million worth of ETH from Coinbase Prime. The analysts stated, “whales continue accumulating ETH.” The fresh transfers accompanied buying activity linked to Arthur Hayes and other large holders.
Abraxas Capital is selling $BTC and buying $ETH!
Over the past 3 hours, Abraxas Capital withdrew 8,153 $ETH($15.3M) from #Binance and #Bybit, while depositing 618 $BTC($39.99M) into #Kraken.https://t.co/qwAXChjYvp pic.twitter.com/EdWBYF36Lf
— Lookonchain (@lookonchain) July 15, 2026
Separate blockchain data highlighted activity involving Abraxas Capital during the same period. Wallets associated with the firm deposited about $40 million in bitcoin to Kraken before shifting capital. They later withdrew 8,153 ETH after rotating part of those funds into Ethereum.
Ethereum Buying Continues as On-Chain Activity Increases
Ethereum remained among the strongest-performing large digital assets during the recent trading sessions. Arthur Hayes completed his latest purchase while broader accumulation appeared across multiple institutional-scale wallets. On-chain transactions reflected continued demand from several large holders.
Previous trading decisions involving Arthur Hayes also attracted attention beyond Ethereum. He previously promoted tokens including HYPE, ZEC, and WLD before exiting those positions weeks later. Those actions generated discussion after his sales occurred before the projected price targets.
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