Let’s break down Hayes’ wallet activity, the market impact, and the surrounding information noise.

Hayes’ Wallet Activity and Sale Details

Massive token transfers over the past 15–20 minutes have been interpreted by the market as sales. Movements from Hayes’ known wallets to addresses such as Binance, Wintermute, and FalconX indicate a possible liquidation.

Lookonchain data further clarifies the situation:

Arthur Hayes (@CryptoHayes) is selling DeFi tokens.
In the past 15 minutes, he moved approximately 8.57M $ENA ($1.06), 2.04M $ETHFI ($954K), and 950K $PENDLE ($1.14M) out of his wallet — likely to sell.

Key sales are as follows:

• ENA (Ethena): 8,570,000 tokens at $0.123 per token, total value $1,060,900

• PENDLE: 950,022 tokens at $1.19–$1.20 per token, total value $1,137,350

• ETHFI (Ether.fi): 2,043,142 tokens at $0.466 per token, total value $953,410

These numbers are being interpreted as significant selling pressure by the market.

$10.37 Million Loss Claim

Some reports suggest Hayes suffered a $10.37 million loss, but current verified data indicates a smaller loss. On-chain analyst Yujin reports that Hayes’ total loss on accumulated DeFi tokens since December is approximately $3.15 million.

Therefore, the $10 million figure cannot yet be confirmed without cost-basis and transaction-level verification. Hayes’ own statement reflects the uncertainty:

“I had to take it all back… I promise, I’ll never take profit again.”

While phrased sarcastically, this remark may indicate a reduced risk appetite.

Market Conditions and Strategic Retreat

CoinGecko data shows Bitcoin briefly dipped to around $68,500, with a weekly loss of about 16%. Such market conditions tend to make the movements of large wallets closely scrutinized.

Hayes’ $3.15–$3.48 million sales alone are sufficient to create short-term price pressure. However, without a transparent cost table, any interpretation remains somewhat speculative.

The data relies on Arkham-labeled wallets. Sending crypto to exchanges does not always equate to immediate sales; past actions provide a reference for possible liquidation strategies.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post Which DeFi Token Did BitMEX Founder Arthur Hayes Sell? appeared first on Coin Engineer.

Additionally, TAGGER (TAG) and Camp Network (CAMP) declined 13.2%, trading at $0.0005892 and $0.06266 respectively. Portal to Bitcoin (PTB) lost 11.6% and traded at $0.04743. Dora (DORA) fell 11.1%, priced at $0.1705. 

Other Notable Losers and Prices Crypto

Other significant losses include Hegic (HEGIC) -9.3%, Troll (TROLL) -5.3%, Rei (REI) -7.2%, and Torch of Liberty (LIBERTY) -7%. Bio Protocol (BIO) dropped 7%, Wrapped Centrifuge (WCFG) 5.6%, and Centrifuge (CFG) 5.2%. 

Meanwhile, Pump.fun (PUMP) and Siren (SIREN) lost 5.1%, while Aura (AURA) and Solidus Ai Tech (AITECH) declined 4.9%. BNB Attestation Service (BAS) fell 4.8%, Unit Pump (UPUMP) 4.4%, and Apu Apustaja (APU) 4.7%. 

Finally, Rujira (RUJI) -4.7%, HairDAO (HAIR) -5.8%, ALEO (ALEO) -4.5%, and BankrCoin (BNKR) -4.7%. Wayfinder (PROMPT) and TDCCP (TDCCP) dropped 4.4%, while Neiro on ETH (NEIRO) and Freysa AI (FAI) lost 4.3%. This provides investors a clear view of market losses. 

This week’s significant drops highlight the importance of monitoring market trends closely. Investors can use this data to adjust their strategies and protect their portfolios in crypto. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Coingecko Data Released: Top Losing Crypto This Week! appeared first on Coin Engineer.

Final Message: “Broke” Before Vanishing From X

James Wynn, notorious for his massive Bitcoin leverage plays, has deactivated his X (formerly Twitter) account. The handle “JamesWynnReal” now displays “This account doesn’t exist.” Before going offline, his final bio update was a single word: “broke.”

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His known wallets now show a total of just $10,176—down from managing over $100 million in crypto assets. Data from Arkham Intelligence and Hypurrscan confirm this dramatic loss, signaling the end of a short yet explosive chapter in crypto speculation.

From Big Bets To Bigger Losses: Bitcoin Positions Wiped Out

In May 2025, James Wynn’s $100 million long position in Bitcoin was liquidated after the price dipped below $105,000, wiping out 949 BTC. He had admitted in a since-deleted post:

“I do not follow proper risk management, nor do I claim to be a professional. If anything, I claim to be lucky. I’m effectively gambling, and I stand to lose everything.”

Despite this, Wynn opened another $100 million bet days later. He claimed his trades were being deliberately liquidated and appealed for donations, receiving funds from at least 24 addresses. He liquidated 240 BTC—worth around $25 million at the time—in an effort to reduce his remaining position’s liquidation price. But it was not enough.

A Cautionary Tale For Crypto Traders

Long-term crypto investors now cite Wynn as a cautionary example. His downfall illustrates the brutal consequences of ignoring risk and chasing short-term gains with high leverage. For many, this saga underscores the importance of patience and strategy over gambling instincts in volatile markets like Bitcoin.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Gambler Disappears: James Wynn Vanishes From X After Losing Millions appeared first on Coin Engineer.

Seed Phrase Trap: Social Engineering at Its Worst

Ed Suman, a 67-year-old former fabricator for top artists like Jeff Koons, spent decades in the art world before shifting his focus to cryptocurrency investing. Over time, he amassed 17.5 Bitcoin (BTC) and 225 Ethereum (ETH) — the core of his retirement portfolio — stored safely in a Trezor Model One hardware wallet.

But in March, he received a text message that appeared to be from Coinbase, alerting him to suspicious account activity. He replied, and shortly afterward, a man calling himself “Brett Miller from Coinbase security” called him.

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The caller seemed legitimate, even referencing Suman’s use of a hardware wallet. Over the phone, he walked Suman through a supposed “security procedure,” which required him to enter his seed phrase into a site that perfectly mimicked Coinbase’s interface.

A second scam call came nine days later. After following the same process again, all of Suman’s crypto was gone.

Real Data Breach at Coinbase Raises Alarms

Coincidentally or not, Coinbase recently disclosed a data breach where attackers bribed Indian customer support contractors to access private user data — including names, account balances, and transaction histories.

Roughly 1% of monthly users were affected, including Sequoia Capital’s managing partner Roelof Botha. While no funds were confirmed stolen from him, the incident highlights growing concerns over third-party vulnerabilities.

Coinbase has since fired the compromised contractors and is planning to compensate affected users with a budget between $180 million and $400 million.

Hardware Wallets Are Not Foolproof

Suman’s tragic loss is a painful reminder: Seed phrases should never be entered into any website, regardless of how authentic it looks. The biggest threat in crypto isn’t always technology — it’s human manipulation.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Retired Artist Loses $2M in Crypto to Fake Coinbase Site appeared first on Coin Engineer.