Key Notes

Arthur Hayes has offloaded over $7.42 million in crypto in just two days.

His timing on Ethereum trades is historically poor, with many eyeing a price rally ahead.

Sell-off comes amid a $250B crypto market wipeout and rising fear sentiment.

BitMEX co-founder Arthur Hayes has rapidly sold off a major portion of his crypto holdings as the market faced heavy losses over the weekend.

On-chain data shows Hayes unloaded more than $7.42 million worth of tokens across six different cryptocurrencies in just 48 hours.

According to data shared by OnchainLens, in the past two days, Hayes sold 1,480 ETH worth $4.7 million.

Arthur ( @CryptoHayes ) has further sent 320,000 $LDO worth 239K into #WinterMute .

In the past 2 days, Arthur sold $7.4M worth of $ETH , $ENA , $LDO ,

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