I Dumped Sol and Bought ETH: Arthur Hayes Announces

I Dumped Sol and Bought ETH: Arthur Hayes Announces

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By Miles

22 Dec 2023

1 min read

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BitMEX's Arthur Hayes switches from Solana to Ethereum after a 'divine message', predicts Ethereum to hit $5,000

The co-founder of BitMEX, Arthur Hayes surprised the crypto world by announcing a big change in his investment strategy. He revealed this on the X platform, saying he received a "divine message" during his meditation that led him to switch from Solana (SOL) to Ethereum (ETH). He also made a bold prediction that Ethereum's price could reach $5,000.

Solana recently surpassed some amazing milestones, climbing near $100 and ranking 4th in crypto; despite these, Hayes chose to invest more in Ethereum. He announced that he dumped his Solana holdings to accumulate Ethereum, this caused some confusion for Solana supporters amid Solana's current market surge.

Ethereum's price has also seen a little progress, increasing by 2.37%  to $2,267.88, with a notable 24-hour trading volume. Meanwhile, Solana showed strong performance, with a 15.48% increase to $97.55 and a significant rise in trading volume.

Hayes's statement during Solana's rise has triggered varying reactions from the crypto community. While Some are confused, others see potential for Ethereum's growth. This move by a leading crypto figure shows how unpredictable and dynamic crypto investments could be.

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