Arthur Hayes Adds Over $770K in LDO and ENA as Bitcoin Pulls Back from Record High

Arthur Hayes, co-founder of BitMEX, has continued his aggressive altcoin accumulation amid the latest round of price dip. This time, he significant amounts of Hyperliquid (HYPE), Lido DAO (LDO), and Ethena (ENA) today despite a sharp market correction.

Blockchain data shows he purchased over $530,000 worth of HYPE tokens over the past day. He also bought $278,000 worth of LDO from Binance and another $241,500 from other sources, alongside $253,350 in ENA.

The latest buys came after a volatile 24 hours for the crypto market. Bitcoin reached a new all-time high of $124,400 on Thursday before sliding to just above $117,000 by the evening. It has since recovered slightly, trading at $119,223 at press time. Bitcoin’s volatility also impacted the altcoin market.

Hayes’ target assets also saw swift price movements. HYPE rebounded 2.5% to $48.58 after briefly touching $44, while ENA dipped to $0.6948 before recovering to $0.7535. LDO remains under pressure, trading at $1.41 with a 2% dip.

Today’s purchases are part of a wider five-day accumulation spree by Hayes, during which he has acquired 1,750 ETH for $7.43 million. Meanwhile, with the uptrend in Ethereum, the value of this holding has exceeded $8 million, netting a profit of $638,560.

Hayes also invested $2.6 million to acquire HYPE 58,631 tokens, and the value has since improved to $2.82 million. This has netted him a profit of $206,145. However, Hayes’ other crypto investments remain in loss. His investment of $2.48 million to acquire 3.1 million ENA has netted a loss of over $25,200.

Despite some of these holdings still being in the red, Hayes’ recent acquisitions have collectively generated an estimated unrealized profit of $534,303. His continued accumulation suggests confidence in select altcoins even as broader market sentiment remains choppy.