#binance #hype #zec #near
16/11/25 12:29 UTC-04

Zcash Bull Arthur Hayes Has Started Actively Getting Rid of Cryptocurrencies

Arthur Hayes, known as one of the main bulls in the Zcash (ZEC) market, has begun actively disposing of cryptocurrencies.

Employees of the research firm Lookonchain reported that on November 16, Hayes sold:

  • Ethereum worth $2.48 million;
  • Ethena (ENA) worth $1.38 million;
  • Lido DAO (LDO) for $479,870;
  • Aave (AAVE) for $288,740;
  • Uniswap (UNI) for $208,720;
  • Ether.fi (ETHFI) for $124,000.

The Latest Transactions Performed by Arthur

It is obvious that Hayes decided to get rid of these coins, expecting the continuation of the bearish trend in the digital asset market. However, his crypto wallet still holds Ethereum and staked ETH worth $28.8 million. Accordingly, most likely, he is counting on rebounds during the decline of the Ethereum price.

On November 15, Arthur boasted about buying Zcash, and on Sunday he stated that he wants to receive an anonymous cryptocurrency as a Christmas gift. However, Hayes hides his ZEC savings, judging by the fact that Lookonchain analysts failed to find them and reflect them in the businessman’s investment portfolio. Therefore, it is impossible to say for sure whether Arthur continues to hold ZEC coins, which have risen more than 10-fold in the autumn.

As a reminder, based on three key metrics for institutional investors, analyst Axel Adler Jr. allowed for a correction of the first cryptocurrency down to $74,000.

See also: "Bitfarms to Stop Mining Bitcoins Due to Heavy Losses"

#Selling

Editor: Yulia Krasnaya
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