BitMEX co-founder Arthur Hayes increased Ethereum exposure through addresses that received a total of 4.4K ETH in the past two days, according to on-chain data. The 0x795d wallet received 1.4K ETH worth $2.51 million from FalconX in the past few hours and 3K ETH ($5.43 million) from Flowdesk earlier in the week, bringing the wallet's total ETH holdings to $7.8 million. The accumulation follows Hayes' recent sale of nearly $700K Worldcoin last week and his dumping of NEAR, HYPE, and other altcoins ahead of the SpaceX IPO, amid shifting geopolitical dynamics including the U.S.-Iran deal and the first Fed rate decision under new chair Kevin Warsh.
Hayes-Linked Wallet Receives $7.8 Million in Ethereum
On-chain data shows the 0x795d wallet received 1.4K ETH valued at $2.51 million from FalconX in the past few hours. Earlier in the week, the same wallet received 3K ETH worth $5.43 million from Flowdesk. As of writing, this wallet holds $7.8 million worth of ETH. The same address sold nearly $700K Worldcoin last week. Hayes had dumped NEAR, HYPE, and other altcoins ahead of the SpaceX IPO, claiming the debut would affect crypto liquidity. Bitcoin bottomed near $60K and bounced to nearly $67K following the SpaceX IPO, lifting the altcoins Hayes had sold.
U.S.-Iran Deal and Fed Rate Decision Drive Market Sentiment
Today marks the first Fed rate decision under new chair Kevin Warsh. The relief rally seen this week followed the widely anticipated U.S.-Iran deal. Oil prices fell to $75, the lowest in two months, on the expected U.S.-Iran deal. BTC and broader crypto rallied as oil prices dropped. After dropping to a yearly low of $1.5K, the ETH price recovered nearly 20% to over $1.8K. As of writing, the altcoin dropped slightly to $1.76K ahead of the Fed rate decision. The U.S. Spot ETH ETF saw two days of daily net inflows totaling $32M.
Ethereum Price Targets $2.2K After Recovery from $1.5K Low
The MVRV pricing bands showed ETH has dropped below a key level (blue line) that marked the February 2026 local and 2022 bear market bottoms. The next upside target would be $2.2K if $1.8K support is decisively reclaimed, implying a 20% potential gain. Nansen had earlier warned that ETH was still missing key catalysts for a strong rebound.
FAQ
How much Ethereum did Arthur Hayes accumulate in the past two days?
Hayes-linked addresses received a total of 4.4K ETH in the past two days, with the 0x795d wallet receiving 1.4K ETH ($2.51 million) from FalconX in the past few hours and 3K ETH ($5.43 million) from Flowdesk earlier in the week, bringing total holdings to $7.8 million.
What is the next price target for Ethereum after the recent recovery?
The next upside target for ETH would be $2.2K if $1.8K support is decisively reclaimed, implying a 20% potential gain from current levels. The MVRV pricing bands show ETH dropped below a key level that marked the February 2026 and 2022 bear market bottoms at $1.5K.
