Crypto News

Arthur Hayes of BitMEX dumps Solana (SOL) to buy Ethereum (ETH)

Arthur Hayes of BitMEX Shifts Focus from Solana to Ethereum

Arthur Hayes, the co-founder of BitMEX, has made a shift in his investment strategy, moving from Solana (SOL) to Ethereum (ETH).

The unexpected decision, announced on the X platform, was attributed to a “divine message” Hayes claimed to have received during meditation.

Alongside this switch, he made a bold prediction, foreseeing Ethereum’s price potentially hitting $5,000.

Despite Solana’s recent achievements, reaching milestones and climbing close to $100, Hayes opted to divest from Solana and increase his investment in Ethereum.

This announcement caused a stir within the crypto community, especially among Solana supporters, given Solana’s current strong performance in the market.

As of now, Ethereum’s price has shown modest progress, registering a 2.37% increase to $2,267.88, accompanied by a notable 24-hour trading volume.

On the other hand, Solana demonstrated robust performance, boasting a 15.48% surge to $97.55 and a significant rise in trading volume.

Hayes‘s decision amid Solana’s upward trajectory has generated mixed reactions within the crypto community. While some express confusion over the unexpected move, others see potential for Ethereum’s growth in the market.

The incident highlights the dynamic and unpredictable nature of crypto investments, even for influential figures like Arthur Hayes, showcasing the ever-evolving landscape of the cryptocurrency market.

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Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.