Arthur Hayes
Arthur Hayes, co‑founder of BitMEX and former chief investment officer of Maelstrom, sold about $22 million of crypto from Maelstrom’s directional trading book on Oct 24 2026. The sale included $15 million in ETH, $2.7 million in ENA, $2.2 million in UNI, $1.2 million in ETHFI, $398 k in AERO, $244 k in PENDLE and $214 k in ZAMA. On Oct 15 he had urged Bitcoin and Ethereum long positions. Two days after the sell‑off, Hayes announced the Flop Network, a blockchain that aims to tokenise AI compute power, and outlined a spot price in FLOP tokens based on AI inference usage. He indicated a massive airdrop for Q4 2026 and that the FLOP token could become a global benchmark for AI compute pricing.· Entity summary generated by Graphiti
Relation timeline
BY VALID-FROM DATE- LookonchainFLAGGED SALES BYArthur Hayes
Lookonchain flagged about $22 million worth of tokens sold by Hayes-linked wallets
- Arthur HayesSOLDPENDLE
Arthur Hayes sold Pendle (PENDLE) tokens worth $244,000
- Arthur HayesWRITES ONSubstack
Arthur Hayes wrote a Monday Substack essay describing Flop as a payments network for AI agents
- Arthur HayesHAS TOKEN HOLDINGS INMaelstrom
Arthur Hayes had token holdings in Maelstrom’s directional trading book
- Arthur HayesSOLDUniswap
Arthur Hayes sold Uniswap (UNI) tokens worth $2.2 million
- Arthur HayesSOLDETH
Arthur Hayes sold Ether (ETH) tokens worth $15 million
- Arthur HayesSOLDZama
Arthur Hayes sold Zama (ZAMA) tokens worth $214,000
- Arthur HayesEXPECTSFLOP
Arthur Hayes expects the FLOP token to transform AI compute into a tradable commodity
- Arthur HayesSOLDEther.fi
Arthur Hayes sold Ether.fi (ETHFI) tokens worth $1.2 million
- Arthur HayesSOLDAerodrome
Arthur Hayes sold Aerodrome Finance (AERO) tokens worth $398,000
- Arthur HayesDESCRIBEDFLOP
Arthur Hayes described the FLOP token as the payments network for AI agents and its $FLOP/compute exchange rate as the global benchmark for spot compute
- Arthur HayesREVEALED DESIGN OFFlop Network
Arthur Hayes revealed the derivatives market design for Flop Network
- Arthur HayesSOLDEthena
Arthur Hayes sold Ethena (ENA) tokens worth $2.7 million
- Arthur HayesANNOUNCED AIRDROP FORFlop Network
Arthur Hayes announced that Flop would conduct a massive airdrop in the fourth quarter of 2026
- Arthur HayesANNOUNCED AS CEO OFFlop Labs
Arthur Hayes announced that he would be the CEO of Flop Labs
- Arthur HayesCOFOUNDER OFBitMEX
Arthur Hayes is the co‑founder of BitMEX
- Arthur HayesMANAGESMaelstrom
Arthur Hayes manages Maelstrom fund
- Arthur HayesEXITSMaelstrom
Arthur Hayes exited Maelstrom's directional crypto positions
- EmberCNREPORTSArthur Hayes
EmberCN reported Arthur Hayes's sale of about $26 million in cryptocurrencies
- Arthur HayesSOLDPENDLE
Arthur Hayes sold 120 000 PENDLE tokens worth $240 000
- Arthur HayesSOLDEther.fi
Arthur Hayes sold 1 890 000 ETHFI tokens worth $1 million
- Arthur HayesSOLDUniswap
Arthur Hayes sold 323 000 UNI worth $2 million
- Arthur HayesSOLDEthena
Arthur Hayes sold 14 million ENA valued at $3 million
- Arthur HayesSOLDAerodrome
Arthur Hayes sold 547 000 AERO tokens worth $400 000
- Arthur HayesSOLDEthereum
Arthur Hayes sold 8,000 ETH worth approximately $19 million
- Arthur HayesSOLDZama
Arthur Hayes sold 3 million ZAMA tokens worth $210 000
- Arthur HayesSOLDEthereum
Arthur Hayes sold 6 400 ETH, valued at $15.2 million
- Arthur HayesTAKEN PROFITS ONBTC Inc.
Arthur Hayes took profits on Uniswap (UNI) on 2026‑10‑24
- Arthur HayesTAKEN PROFITS ONEthena
Arthur Hayes took profits on Ethena (ENA) on 2026‑10‑24
- Arthur HayesSOLDBTC Inc.
Arthur Hayes sold 323 000 UNI, valued at $2.24 million
- Arthur HayesSOLDAerodrome
Arthur Hayes sold 546 610 AERO
- Arthur HayesSOLDEthena
Arthur Hayes sold 14 million ENA, valued at $2.76 million
- Arthur HayesSOLD FROMMaelstrom directional book
Arthur Hayes sold about $22.28 million in crypto from Maelstrom directional book
- Arthur HayesTAKEN PROFITS ONEthereum
Arthur Hayes took profits on Ethereum (ETH) on 2026‑10‑24
- Arthur HayesWORKS FORMaelstrom
Arthur Hayes is the chief investment officer of Maelstrom
- Arthur HayesWORKS FORBitMEX
Arthur Hayes is a co‑founder of BitMEX
- Arthur HayesPREDICTS PRICE FORBitcoin
Arthur Hayes predicts Bitcoin price will reach $1 million or more.
- Arthur HayesURGESEthereum
Arthur Hayes urges traders to go long Ethereum.
- Arthur HayesHEDGE WITHEthereum
Arthur Hayes expects Ethereum to absorb the liquidity from a future multi‑trillion‑dollar bailout.
- Arthur HayesURGESBitcoin
Arthur Hayes urges traders to go long Bitcoin.
Relations are facts Graphiti extracted from reports, not verbatim quotes. An end date means later reporting showed the relation no longer holds.
Events 4
- Hayes details FLOP’s AI compute derivatives vision after selling his altcoins2 cited reports · 2026-10-27
- Bitcoin holds near $80,000 as oil retreats and the Fed decision looms1 cited report · 2026-10-26
- Arthur Hayes exits crypto trading positions as analysts track $26 million in sales2 cited reports · 2026-10-25
- BitMEX Sued in UK for Return of $27M in Bitcoin Over Unlicensed Derivatives1 cited report · 2026-10-14
Source reports 10
- Hayes details FLOP’s AI compute derivatives vision after selling his altcoinsCointelegraph · 2026-10-27
- Arthur Hayes Wants a Third Win With a Futures Market for AI ComputeBeInCrypto · 2026-10-27
- Bitcoin holds near $80,000 as oil retreats and the Fed decision loomsCoinDesk · 2026-10-26
- Arthur Hayes exits crypto trading positions as analysts track $26 million in salesCryptoSlate · 2026-10-25
- Arthur Hayes Dumps $22 Million in Crypto, Warns of More PainBeInCrypto · 2026-10-24
- Bitcoin at $1 Million? Michaël van de Poppe Points to a Dot-Com-Style RallyBeInCrypto · 2026-10-19
- Vitalik Buterin Reveals Why AI Could Push Bitcoin Miners OutBeInCrypto · 2026-10-18
- Citrini sees a tokenization boom. The harder question is who profitsCoinDesk · 2026-10-17
- Arthur Hayes Is Betting on What Comes After the AI CrashBeInCrypto · 2026-10-15
- BitMEX Sued in UK for Return of $27M in Bitcoin Over Unlicensed DerivativesDecrypt · 2026-10-14