A cryptocurrency address closely associated with BitMEX co-founder Arthur Hayes has received 3,000 Ether (ETH), worth approximately $5.42 million, from algorithmic trading firm Flowdesk, according to on-chain analytics platforms Onchain Lens and Lookonchain. The transaction, flagged on June 15, comes as Ethereum surged nearly 6% following news of a U.S.-Iran peace agreement that lifted risk appetite across global markets.
The receiving wallet (0x795d5…) had a history of fund transfers with a known FalconX address linked to Hayes, strongly suggesting his affiliation. While neither analytics firm could definitively confirm ownership, the consistent interaction with his trading infrastructure points to a high probability that the purchase was orchestrated by Hayes or an entity he controls.
The size and nature of the transfer—initiated by Flowdesk, a Paris-based market maker providing liquidity across exchanges—suggest a structured operation rather than a casual movement. Large OTC deals of this kind are often used for staking, DeFi positioning, or collateral adjustments. The purchase also aligns with Hayes’s recent public stance: in a June 8 essay, he disclosed selling several altcoins (Hyperliquid, Near Protocol, Worldcoin, Zcash) as a defensive response to macro risks but emphasized that Bitcoin and Ethereum remained core holdings.
Broader market sentiment drove the rally. President Trump announced a completed peace deal with Iran, confirming resumed shipping through the Strait of Hormuz. Crude oil fell over 5% to around $80.53 per barrel, easing inflation fears and sparking a risk-on move. Ethereum climbed to $1,828, its highest in over a week, and technical indicators improved: a descending trendline from April was broken, and a bullish MACD crossover appeared. Analyst Ali Martinez highlighted a potential ascending triangle on the 4-hour chart targeting $1,850, a key resistance at the 0.618 Fibonacci retracement level.
In addition to Hayes’s wallet, address “geministar.eth” accumulated 21,136 ETH (~$37 million) from Binance in a series of transactions on the same day, underscoring the wave of whale buying. Hayes himself had previously forecast ETH could reach $10,000–$20,000 this cycle, citing DeFi growth and liquidity expansion.
