Famous trader Arthur Hayes made a major move in his ETH position. Last week, he sent a total of 1,871 Ethereum worth (5.53 million to the exchange. Among these, 682 ETH, valued at $2 million, was a single transfer.

It appears that Hayes implemented an interesting buying strategy simultaneously with this sale move. The altcoins chosen to replace the sold ETH are quite prominent: 1.22 million ENA tokens worth )257 thousand, nearly 137,000 PENDLE worth (259 thousand, and over 132,000 ETHFI worth )93 thousand were purchased.

Such movements indicate that currency managers continue to reduce their ETH positions due to liquidity needs or portfolio rebalancing. It also signals increasing institutional interest in tokens like ENA, PENDLE, and ETHFI.