Arthur Hayes has bought 1.9 million Ether.fi (ETHFI) tokens worth $1.17 million, returning to a position he walked away from earlier this year.

The BitMEX co-founder paid $0.62 per token. Onchain trackers put that entry well above the level where he last sold the same asset.

Arthur Hayes Chases ETHFI’s 25% Weekly Rally 

Hayes sold 265,461 ETHFI at $0.44 in April, collecting roughly $118,000 and booking a loss. His new entry sits about 41% higher per token.

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Onchain analytics account Lookonchain surfaced the purchase roughly four hours after it settled, flagging it as another case of selling low and buying high.

ETHFI has climbed 25.3% over the past week amid a broader market rally. This beats Bitcoin’s (BTC) 21.4% gain, although Ethereum’s (ETH) 27.8% advance still leads. However, the token sits about 93% below its March 2024 record of $8.53.

ETHFI trades at $0.631 at press time, up 11.1% over 24 hours, according to BeInCrypto data. Market cap stands at $649.7 million, ranking the token 92nd.

The pattern of selling low and buying high is not new. BeInCrypto reviewed three wallets attributed to Hayes. Those wallets lost $2.47 million across 124 recorded trades between December 2023 and August 2026.

ETHFI accounted for $474,000 of those losses. Ethena (ENA) was the only profitable position, up $3.23 million.

For now, the ETHFI position sits marginally above water. Whether this trade breaks the pattern depends less on the entry than on whether Hayes holds through the next drawdown.

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Source: BeInCrypto