Arthur Hayes Accumulates ETHFI Hours Before Upbit Lists Token in KRW Market
BeInCrypto
Arthur Hayes acquired ETHFI just before Upbit listed the token on its KRW market, continuing his DeFi rotation strategy.Summary
Arthur Hayes, co-founder of BitMEX, purchased 132,730 Ether.fi (ETHFI) tokens shortly before the South Korean exchange Upbit announced its listing on the KRW market. On-chain observers noted the timing, though Hayes maintains this aligns with his documented DeFi rotation strategy. Data shows Hayes acquired the latest batch at $0.55 per token, contrasting with a transfer of 2.15 million ETHFI a month prior at $0.47. Upbit listed ETHFI for KRW trading, applying standard launch restrictions, which caused the altcoin to rally over 20% to $0.65 before settling near $0.57 at press time. Hayes had previously invested over $3.4 million in four DeFi altcoins, including ETHFI, in January.
(Source：BeInCrypto)