A wallet linked to BitMEX co-founder Arthur Hayes bought 1,400 ETH worth about $2.51 million this week, on-chain data shows. At the same time, an Ethereum whale known as 'geministar.eth' accumulated 32,278 ETH — roughly $57 million — over two days. Combined, the two addresses added nearly 34,000 ETH to their holdings, a notable vote of confidence in the second-largest crypto.
The buys in detail
Blockchain records show the Hayes-connected wallet moved first, snapping up 1,400 ETH in a single transaction. The purchase came as ETH traded around $1,790, according to market data. Hours later, geministar.eth began a two-day accumulation spree, buying steadily across multiple swaps. That whale now holds a total of 107,800 ETH, worth roughly $192 million at current prices.
Who is geministar.eth?
The ENS name 'geministar.eth' has been active since early 2025. The address has a history of large, periodic buys — often during price dips. This latest accumulation is its largest since February, when it added 28,000 ETH over three days. The wallet's owner hasn't been publicly identified, but the pattern suggests a disciplined, long-term holder rather than a short-term trader.
What it signals
Big buys from a Hayes-linked wallet and a veteran whale don't necessarily mean a rally is coming. But the timing — both in the same week, with ETH sitting well below its 2026 high of $2,450 — has traders watching. Hayes, a well-known crypto bull, hasn't commented. His wallet's purchase is small relative to his net worth, but it's his first ETH buy in over three months.
One open question: is geministar.eth a single entity or a fund pooling capital? The wallet's consistent accumulation suggests a deliberate strategy, but without more transparency, it's guesswork. For now, the market has two fresh data points — and plenty of speculation.
