Hayes Sparks Market Debate With Fresh Multi-Token Selloff

Hayes offloads almost $5M in tokens within hours, raising questions about his timing, strategy, and influence during the market period.

ZEC climbs over 220% monthly as Hayes increases his holdings and compares it to XRP, boosting attention toward the privacy-coin rally.

ADA faces pressure as whales dump over 4M tokens, with sideways trading near $0.582 and fading momentum raising concerns about stability.

Arthur Hayes has offloaded millions in digital assets within hours. The sales unfolded on X, where Lookonchain tracked the movements and confirmed a sweeping reduction in several holdings. Hayes sold 260 ETH worth $820,000, 2.4 million ENA worth $651,000, and 640,000 LDO worth $480,000. He also sold 1,630 AAVE worth $289,000 and 28,670 UNI worth $209,000

In addition to that initial round, he moved 132,730 ETHFI valued at $124,000, 2.62 million ENA worth $733,000, and 520 ETH worth $1.66 million. The sales took place soon after a severe market correction that drove Ethereum to $3,100 and Bitcoin to $94,000. Timing, strategy, and sentiment were all called into doubt by the quick selling.

Moreover, Hayes moved large amounts in quick succession and managed them across several chains. He also acted during a fragile market moment. Hence, traders linked the timing to his earlier warnings about upcoming volatility.

Hayes Expands Sales While ZEC Defies Market Pressure

Hayes continued to diversify his exits across Ethereum-based tokens, governance assets, and DeFi names. Consequently, the total value of assets he sold now approaches $5 million. He manages a wide portfolio and removes risk across several categories

Additionally, his recent comments attracted attention. He praised ZEC and said it is “better than XRP.” ZEC now leads the market with a 26% weekly gain and a 220% monthly jump. He also added more ZEC during its ascent. His fund ranks Zcash as its second-largest liquid position after Bitcoin.

However, his price vision is bold. Hayes believes ZEC could hit 0.2 BTC. The target equals $19,200 per coin. That projection suggests a market cap of $313 billion.

Besides Hayes, whale activity emerged in Cardano. Ali Martinez reported that investors with 100,000 to 1 million ADA sold more than 4 million tokens in a week. The move increased pressure as ADA struggled around $0.582. Moreover, ADA shows fading momentum after October strength. Traders now monitor liquidity shifts closely.

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