Imagine, dear reader, a scene so bizarre it could only be penned by Gogol himself: Our illustrious hero, Arthur Hayesāco-founder of BitMEX and a man who seemingly has a magic crystal ballādecides 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? Whoās to say, but perhaps heās 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 ā a platform now more chaotic than a market day in St. Petersburgātelling 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 flirtationārising 24% in late July, only to be spat upon by the cruel hands of market fate.
Now, dear reader, Hayes, in a tone only Gogolās characters could envy, blames the economic hocus-pocusātariffs delayed, jobs disappearing like a magicianās rabbit, and credit failing to create the excitement it once did. The global economy, he whispers, is inching towards a ādeflationary abyss,ā 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 correctionsālike 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 Gogolās Russia would be a small fortuneāor a grand tragedy. Bitcoin, the stubborn czar of crypto, now trades at $113,015ādown 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 $3,414āno longer the bright star but a pinprick in the night sky.
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2025-08-03 17:01