Arthur Hayes has offloaded another substantial portion of his crypto portfolio. Over the 24-hour period ending October 25, 2026, Hayes recorded total token sales of $28.8 million to the market, pocketing a net profit of $6.65 million.
Data from on-chain tracker Lookonchain shows the latest activity occurred around 14:00 UTC on October 25, 2026. Within the two hours leading up to the report, a wallet belonging to Hayes sold an additional 14 million Ethena (ENA) tokens with a market value of $2.73 million.
On the previous day, October 24, 2026, Hayes had already sold $22.28 million worth of tokens, including the liquidation of 6,400 ETH. The additional sale of 14 million ENA on October 25 brought cumulative sales to $28.8 million across the full 24-hour window.
Where the $6.65 Million Profit Came From
Despite the transaction value reaching tens of millions of dollars, the financial gains Hayes realized were not evenly distributed across each asset. Of the $6.65 million in total net profit he secured, the lion’s share originated from two assets: ETH and ENA.
The outcome was markedly different for a lineup of decentralized finance (DeFi) tokens also offloaded. Hayes virtually broke even on five tokens: Uniswap (UNI), ether.fi (ETHFI), Aerodrome (AERO), Pendle (PENDLE), and Zama (ZAMA). Across this asset basket, Hayes pulled out his principal capital without generating any meaningful profit margin.
Shift from Maximum-Risk Stance
The massive asset liquidation marks a significant positioning shift for Hayes. Previously, in August 2026, he was known to have adopted a maximum-risk posture in the crypto market. The decision to offload up to $28.8 million in tokens within 24 hours illustrates a distinct pivot away from his earlier aggressive stance.
The broader crypto market was under pressure as these sales unfolded. Bitcoin continued to struggle to hold the $80,000 level, reflecting subdued market momentum that has yet to recover.
Lookonchain, an on-chain analytics platform tracking wallets associated with prominent crypto figures, detailed these transaction flows using public ledger data. For analysts and investors monitoring high-net-worth whale wallets, Hayes’ moves demonstrate concrete execution: locking in gains on profitable positions while closing out breakeven holdings amid market uncertainty.
Reported by @lookonchain on X.
Read also: How Crypto Staking Works and Its Risks
Previously: Arthur Hayes Sells $22.28M in Tokens Including 6,400 ETH - Despite Just Adopting Maximum Risk in August
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
