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Arthur Hayes "reversed his decision" to acquire ETH after selling 8 million USD due to a wrong prediction.
Last week, BitMEX co-founder Arthur Hayes sold over 8 million USD worth of ETH along with some PEPE and ENA, believing that the market would experience a significant adjustment as the Fed continues to stay tuned on interest rates and President Trump's foreign policy would create additional volatility. At that time, he predicted that the price of ETH could fall to 3,000 USD.
However, just after a week, the market went against expectations: ETH increased by 20%, surpassing the 4,200 USD mark – the highest level in many years. In response to this development, Hayes took to X to admit he had "bought it all back", posted an ETH chart, apologized to Ethereum supporter Tom Lee, and promised not to take profits anymore.