Arthur Hayes-Linked Wallet and Whale Geministar Accumulate 32,278 ETH in 48 Hours

According to Lookonchain, a wallet associated with Arthur Hayes bought 1,400 ETH (approximately $2.51 million) in recent market activity. Meanwhile, whale geministar.eth accumulated 32,278 ETH (approximately $57 million) over a 48-hour period, with much of the purchase sourced from Binance.

The aggressive accumulation comes as Hayes, co-founder of derivatives exchange BitMEX, has expressed bullish conviction on Ethereum's long-term prospects, citing macro liquidity expansion and DeFi's reliance on ETH as collateral. Hayes has previously set an aggressive year-end price target of $12,000 for Ethereum.