Arthur Hayes Reportedly Sells $22.3 Million in Altcoins as Maelstrom Cuts Positions

Arthur Hayes and Maelstrom reported $22.3 million liquidation involving ETH, ENA, UNI and other altcoins.

Arthur Hayes has reportedly sold a substantial portion of his cryptocurrency holdings as Maelstrom liquidates roughly $22.3 million in altcoin positions, according to Coin Bureau. The move comes just nine days after Hayes shared bullish views on Bitcoin and Ether, with the investor now pointing to growing macroeconomic and geopolitical uncertainty as reasons markets could face further declines.

Coin Bureau reported that the sales included 6,400 ETH valued at approximately $15.2 million, 14 million ENA worth $2.76 million, and 323,000 UNI valued at $2.24 million. The reported liquidation also covered additional positions in ETHFI, AERO, PENDLE and ZAMA.

ETH Accounts for the Largest Reported Sale

Ether represented the largest individually quantified position in the reported transactions. The 6,400 ETH sale was valued at $15.2 million, substantially exceeding the reported values of the ENA and UNI positions.

The reported ENA transaction involved 14 million tokens worth $2.76 million, while the UNI sale covered 323,000 tokens valued at $2.24 million. Coin Bureau also named ETHFI, AERO, PENDLE and ZAMA among the assets involved, but did not provide individual markets quantities or valuations for those additional positions in the post.

Together, the three specifically valued positions amounted to approximately $20.2 million. The overall reported liquidation was roughly $22.3 million, with the additional positions accounting for part of the difference. The figures were reported as approximate valuations rather than confirmed final proceeds.

Shift in Outlook Follows Earlier Bullish Comments

The reported selling activity has drawn attention because it follows Hayes' bullish comments on Bitcoin and Ether just nine days earlier. The latest account describes a change in tone, with Hayes citing an increasingly uncertain macroeconomic and geopolitical environment.

According to Coin Bureau, Hayes warned that cryptocurrency markets could decline further before staging a rebound. That warning points to the possibility of additional near-term weakness, although the post does not specify a price target, a timeframe for a potential recovery or the conditions that would trigger a rebound.

The reported transactions also span several assets beyond Ether, including ENA, UNI, ETHFI, AERO, PENDLE and ZAMA. However, the available information does not establish the precise allocation of the remaining positions or confirm whether the reported sales represent every holding managed by Maelstrom.

Macroeconomic and Geopolitical Uncertainty in Focus

Hayes' stated concern centers on broader macroeconomic and geopolitical uncertainty rather than a specific development involving any one of the named tokens. Coin Bureau's post does not identify a particular event as the direct cause of the liquidations, so the sales should not be attributed to an unreported catalyst.

The reported figures indicate that the ETH position made up the largest share of the quantified transactions, while the ENA and UNI sales added millions of dollars in reported value. Further details about the ETHFI, AERO, PENDLE and ZAMA positions were not included in the post.

Coin Bureau characterized the overall activity as a roughly $22.3 million liquidation by Maelstrom, following Hayes' bullish comments on Bitcoin and Ether nine days earlier. Hayes' latest reported warning is that markets may fall further before rebounding.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.

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