Arthur Hayes, the former BitMEX CEO, purchased 1,293 Ether this week, according to on-chain data. The buy comes as Ethereum approaches the $2,000 resistance level and major whales have been accumulating the asset.
The purchase details
Hayes’s wallet received the 1,293 ETH in a single transaction. The exact price isn’t public, but the move adds to a position he’s been building over the past few months. It’s not his first big buy this year — he’s been vocal about favoring ETH over Bitcoin in recent market cycles.
Whale activity
Hayes isn’t alone. On-chain data shows several large wallets have been scooping up Ethereum over the past two weeks. The accumulation pattern suggests institutional or high-net-worth players are betting on a breakout above $2,000. That level has acted as both support and resistance since early June.
Ethereum’s price action
ETH is trading just below $2,000 as of Sunday. The resistance has held for about a month, but buying pressure is building. If whales keep stacking, a clean break could happen soon. If not, the asset might slide back toward $1,800.
Hayes’s timing isn’t accidental. He tends to buy into weakness or during consolidation. Whether this latest purchase signals a broader shift or just a personal bet remains the open question.
