{"id":16054,"date":"2025-11-16T16:31:00","date_gmt":"2025-11-16T16:31:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/arthur-hayes-moves-2-5m-in-eth-and-tokens-to-market-makers-is-he-buying-zec\/"},"modified":"2025-11-16T16:31:05","modified_gmt":"2025-11-16T16:31:05","slug":"arthur-hayes-moves-2-5m-in-eth-and-tokens-to-market-makers-is-he-buying-zec","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/arthur-hayes-moves-2-5m-in-eth-and-tokens-to-market-makers-is-he-buying-zec\/","title":{"rendered":"Arthur Hayes moves $2.5M in ETH and tokens to market makers: Is he buying ZEC?"},"content":{"rendered":"
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BitMEX co-founder Arthur Hayes transferred $2.5 million worth of Ethereum and ecosystem tokens to institutional market makers including Flowdesk, FalconX, and Wintermute.<\/p>\n

Blockchain analyst EmberCN reported the moves and questioned whether Hayes is selling assets to add to his Zcash position.<\/p>\n

Hayes has been vocal about his ZEC (ZEC) holdings during the recent privacy coin rally. On November 15, he posted, \u201cThis chart is just so strong I aped more. $ZEC\u201d on X and suggested that he increased his position after the token\u2019s 700% surge since October.<\/p>\n

X post by analyst EmberCN<\/a><\/figcaption><\/figure>\n

Arthur Hayes transfers ETH and ecosystem tokens worth $2.5M<\/h2>\n

EmberCN tracked multiple transfers from Hayes\u2019 wallet to institutional trading platforms. The BitMEX co-founder moved 520 ETH (ETH) worth $1.66 million, 2.624 million ENA (ENA) tokens valued at $730,000, and 132,000 ETHFI worth $120,000 to the market makers.<\/p>\n

Hayes also tested a transfer of 10 LDO (LDO) tokens to FalconX about 50 minutes after the initial transactions. EmberCN noted that Hayes \u201cshould continue selling LDO soon.\u201d<\/p>\n

According to follow-up reports, Hayes sold 260 ETH worth around $820,000, 2.40 million ENA tokens at $657,000, 640,000 LDO at $480,000, 1,630 AAVE (AAVE) at $290,000, and 28,670 UNI (UNI) at $211,000. The total value of these sales reached roughly $2.45 million.<\/p>\n

The analyst questioned whether Hayes is converting these assets into Zcash. \u201cIs this selling coins to add to $ZEC? He\u2019s been crazily pumping ZEC during this period,\u201d EmberCN wrote.<\/p>\n

<\/p>\n

Maelstrom CIO calls ZEC superior to XRP<\/h2>\n

Hayes has made several bullish statements about Zcash in recent weeks. He declared \u201cZEC > XRP,\u201d suggesting Zcash could surpass Ripple in market capitalization.<\/p>\n

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This chart is just so stronk I aped more.$ZEC<\/a> > $XRP<\/a> pic.twitter.com\/2l0u1I8n7R<\/a><\/p>\n

\u2014 Arthur Hayes (@CryptoHayes) November 15, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

The Maelstrom Fund CIO predicted Zcash could reach between $10,000 and $20,000 per coin. He targeted a ZEC\/BTC pair price of 0.2, which would translate to approximately $19,200 for ZEC.<\/p>\n

Hayes revealed that Zcash has become Maelstrom\u2019s second-largest liquid holding after Bitcoin. He described Zcash as \u201cBitcoin with full privacy\u201d and suggested ZEC could reach 10% to 20% of Bitcoin\u2019s value in the current market cycle.<\/p>\n

In mid-November, Hayes urged ZEC holders to withdraw tokens from centralized exchanges. \u201cIf you hold $ZEC on a CEX, withdraw it to a self-custodial wallet and shield it,\u201d he posted.<\/p>\n

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