Key Takeaways
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Arthur Hayes acquired 1,293 ETH worth $2.48 million as three new wallets withdrew another 30,000 ETH.
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Borovik predicted Ethereum could reach $10,000.
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Perplexity said ETH to $12,000 remained possible.
BitMEX co-founder Arthur Hayes has made headlines for acquiring 1,293 Ethereum worth approximately $2.48 million as several other large wallets appeared to increase their exposure.
The transactions came as popular crypto commentator Borovik has gone so far as to predict that ETH could reach $10,000, receiving some pushback from less bullish holders on social media.
However, an analysis from Perplexity AI described $10,000 as a “very bullish” end-of-2026 scenario — and even went further in its prediction.
Arthur Hayes and Whales Buy Ethereum
Lookonchain said on X that Hayes had acquired another multimillion-dollar Ethereum position.
“Arthur Hayes bought 1,293 ETH ($2.48M) an hour ago,” the blockchain analytics platform wrote.
Based on the value reported by Lookonchain, the transaction was completed at an implied average price of approximately $1,918 per ETH.
The purchase marked another change in direction for Hayes, who sold a larger Ethereum position at a loss several weeks earlier.
Hayes had accumulated approximately 5,900 ETH at an average price of around $1,793 before selling 6,000 ETH for approximately $10.14 million when the crypto traded near $1,690.
The round trip produced an estimated loss of approximately $606,000, according to on-chain data reported at the time.
His latest purchase was therefore made at a price roughly 13% higher than his June selling level, prompting some social media users to joke that the transaction should be viewed as a contrarian signal.
However, Hayes was not the only large holder moving Ethereum away from institutional trading platforms.
Lookonchain also highlighted three newly created wallets that withdrew a combined 30,000 ETH, worth approximately $57.66 million, from Coinbase Prime in three separate 10,000-ETH transactions.
“Whales continue accumulating ETH,” the platform said.
Ethereum Bull Predicts ETH Price Will Reach $10,000
The transactions came as Borovik argued that Ethereum’s prolonged downturn may finally be ending.
“ETH is finally making a come back,” he wrote on X.
“After dropping from $4,900 to $1,500, it feels like Ethereum has turned a corner and is well on its way to all time highs,” Borovik added.
“Let’s send ETH to $10,000!!”
Ethereum’s decline from approximately $4,900 to $1,500 represented a fall of more than 69%.
