Arthur Hayes Buys ETH Again After Being Called Out for Dumping

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Oh, the sheer audacity. Arthur Hayes, the former BitMEX boss who’s been getting a proper online spanking for offloading tokens he once fawned over, has decided the best way to handle criticism is to buy more Ethereum. Because nothing says “I’m sorry” like dropping $2.5 million on ETH, apparently.

According to Lookonchain, a wallet linked to his Maelstrom Fund just scooped up 1,400 ETH. Cue the internet’s finest keyboard warriors, who immediately branded him “the biggest manipulator” and predicted he’ll sell it all by teatime. Charming.

Hayes Buys ETH (Again, Because Why Not?)

Lookonchain reports that the wallet linked to Arthur Hayes (@CryptoHayes) bought another 1,400 $ETH ($2.51M) 4 hours ago.

– Lookonchain (@lookonchain) June 17, 2026

But here’s the kicker: after he dumped his entire ZEC position following a minor protocol hiccup, and made grand predictions for NEAR, HYPE, and WLD before selling them off in a panic, the prices of those assets crashed. ZEC dropped over 50% in a day. Oops. It’s since recovered, but the damage to his reputation? Priceless.

Others Buy ETH (Because They’re Not Idiots)

Meanwhile, Lookonchain also notes that a whale called geministar.eth has been hoovering up ETH like it’s on sale, buying another $20 million today. Their total for the last two days? 32,278 ETH, or $57 million. And Tom Lee’s Bitmine is on a buying spree too, snapping up 20,000 ETH for $36 million. The company wants to own 5% of all Ethereum. Because why not aim for world domination?

Tom Lee(@fundstrat)’s #Bitmine bought another 20,000 $ETH($35.85M) from #FalconX 5 hours ago.

– Lookonchain (@lookonchain) June 17, 2026

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2026-06-17 14:56