Arthur Hayes exits crypto positions, analysts track $26 million in token sales

Arthur Hayes has closed Maelstrom's directional crypto positions, taking profits on Ethereum, Ethena, Uniswap and other tokens, with on-chain analysts tracking roughly $26 million in sales. He cited rising macroeconomic and geopolitical uncertainty as the reason, following a Santiment analysis from Oct. 23. A high-profile fund manager selling into strength can weigh on sentiment, especially in the ETH and DeFi tokens he exited.