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Arthur Hayes Dumps $5.5M in Ethereum to Buy DeFi Tokens

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Arthur Hayes Dumps $5.5M in Ethereum to Buy DeFi Tokens

Arthur Hayes, co-founder of BitMEX, has made a notable shift in his crypto portfolio, reducing his exposure to Ethereum while increasing allocations to DeFi tokens. Blockchain analytics firm Lookonchain reports that Hayes sold 1,871 ETH, worth approximately $5.53 million, over the past two weeks.

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