Crypto Titan Arthur Hayes Dumps $13M: Is the Market Shrugging or Smirking? 😂💸

by

Imagine, dear reader, a scene so bizarre it could only be penned by Gogol himself: Our illustrious hero, Arthur Hayes—co-founder of BitMEX and a man who seemingly has a magic crystal ball—decides to unload a staggering $13 million worth of Ethereum (ETH), Pepe (PEPE), and Ethena (ENA) just when the market seems to be stumbling over its own feet. A masterstroke or madness? Who’s to say, but perhaps he’s playing a game of chess while the rest of us are busy checkers.

Behind the Curtain of the Great Market Smoke: Hayes Foresees $100K BTC, $3K ETH

On a day as ordinary as August 2, this wizard of the blockchain, Arthur, posts a seemingly innocuous note on X — a platform now more chaotic than a market day in St. Petersburg—telling of his daring offload: 2,373 ETH, worth over $8 million; millions of Ethena, and the entire Pepe Kingdom, totaling a mere $414,600, all within a mere six hours! One might think he was selling hotcakes at a bazaar, yet his words suggest a darker plot.

Bitcoin, that stubborn old mule, dipped below $113,000, dragging everything else down like a heavy sayarka. Ethereum, losing 2.70%, and PEPE, with its 3.03% tumble, resemble two merry jesters tripping over their own jester shoes. Ethena, brave at heart, took a brutal 10.98% hit after a brief summer flirtation—rising 24% in late July, only to be spat upon by the cruel hands of market fate.

Now, dear reader, Hayes, in a tone only Gogol’s characters could envy, blames the economic hocus-pocus—tariffs delayed, jobs disappearing like a magician’s rabbit, and credit failing to create the excitement it once did. The global economy, he whispers, is inching towards a “deflationary abyss,” and our hero, with all the foresight of a bedlamite, prepares to pull his riches away from the fiery furnace of volatility. His prophecy? Bitcoin shall dance to $100,000 and Ethereum shall resume its lofty perch at $3,000. If this comes to pass, expect a cacophony of market corrections—like a Russian folk chorus on a rickety bridge.

The State of the Chaotic Crypto World

At this very moment, the grand total of all crypto treasures sits at a modest $3.62 trillion, which in the grand scheme of Gogol’s Russia would be a small fortune—or a grand tragedy. Bitcoin, the stubborn czar of crypto, now trades at $113,015—down a smidge by 0.59%, and lost over 4% in the past week. Ethereum, not to be outdone in misery, has tumbled 9.43% and now costs $3,414—no longer the bright star but a pinprick in the night sky.

//s3.tradingview.com/snapshots/k/KRRnurVa.png”/>

Read More

2025-08-03 17:01