ETHFI Rallies 25% in a Week, and Arthur Hayes Pays Up to Get Back In

Arthur Hayes has bought 1.9 million Ether.fi (ETHFI) tokens worth $1.17 million, returning to a position he walked away from earlier this year.

The BitMEX co-founder paid $0.62 per token. Onchain trackers put that entry well above the level where he last sold the same asset.

Arthur Hayes Chases ETHFI’s 25% Weekly Rally 

Hayes sold 265,461 ETHFI at $0.44 in April, collecting roughly $118,000 and booking a loss. His new entry sits about 41% higher per token.

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Arthur Hayes(@CryptoHayes) bought back 1.9M $ETHFI ($1.17M) at $0.62 4 hours ago.4 months ago, he sold 265,461 $ETHFI ($118K) at a loss at $0.44.Selling low and buying high again!https://t.co/gau6egd7Vm pic.twitter.com/5l2Shh3RaG

— Lookonchain (@lookonchain) August 24, 2026

Onchain analytics account Lookonchain surfaced the purchase roughly four hours after it settled, flagging it as another case of selling low and buying high.

ETHFI has climbed 25.3% over the past week amid a broader market rally. This beats Bitcoin’s (BTC) 21.4% gain, although Ethereum’s (ETH) 27.8% advance still leads. However, the token sits about 93% below its March 2024 record of $8.53.

ETHFI trades at $0.631 at press time, up 11.1% over 24 hours, according to BeInCrypto data. Market cap stands at $649.7 million, ranking the token 92nd.

The pattern of selling low and buying high is not new. BeInCrypto reviewed three wallets attributed to Hayes. Those wallets lost $2.47 million across 124 recorded trades between December 2023 and August 2026.

ETHFI accounted for $474,000 of those losses. Ethena (ENA) was the only profitable position, up $3.23 million.

For now, the ETHFI position sits marginally above water. Whether this trade breaks the pattern depends less on the entry than on whether Hayes holds through the next drawdown.

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