According to Lookonchain data, the selloff included 2,373 ETH worth $8.32 million, 7.76 million ENA worth $4.62 million, and 38.86 billion PEPE tokens valued at around $414,700. The move came shortly after Bitcoin’s price dropped to $112,731 within 24 hours, signaling that Hayes anticipated the dip in advance. 

Meanwhile, Julio Moreno, Head of Research at CryptoQuant, stated that Bitcoin has entered the third major profit-taking phase in its current bull cycle. Historically, such phases often mark a correction period that precedes a renewed upward trend. 

Arthur Hayes(@CryptoHayes) sold 2,373 $ETH($8.32M), 7.76M $ENA($4.62M) and 38.86B $PEPE($414.7K) in the past 6 hours.https://t.co/1HymJRPhcj pic.twitter.com/MoJNKUjJaQ

— Lookonchain (@lookonchain) August 2, 2025

Strategic Pullback or Simple Profit-Taking? 

Hayes’ decision appears at odds with his previous bullish outlook. He had predicted Ethereum would eventually reach $10,000, while consistently advocating for rapid altcoin adoption. The recent divestment could suggest a more cautious repositioning rather than a complete shift in sentiment. 

Interestingly, just weeks prior, Hayes had acquired ENA tokens worth $1.5 million at lower prices. This indicates he remains active in early-stage projects, maintaining a broader long-term crypto investment strategy. Despite the selloff, his confidence in the market’s growth potential seems intact. 

In addition, it’s not just Arthur Hayes adjusting positions. Institutional players are also retreating. Spot Bitcoin ETFs witnessed $812 million in net outflows—the second-largest single-day withdrawal on record. Fidelity’s FBTC fund led the exodus with a $331 million pullback. 

Spot Ethereum ETFs also reported notable outflows, reflecting broader investor caution. This trend suggests risk appetite is decreasing and that investors are bracing for further market volatility. 

Global Headwinds Build as Hayes Waits on the Sidelines 

Hayes’ recent sell decisions might also reflect macroeconomic factors rather than crypto-specific concerns. The White House has announced new tariffs targeting over 60 countries, set to take effect on August 7. The U.S. Federal Reserve warns this could drive inflation higher. Hayes had previously cautioned investors about geopolitical shocks creating heightened volatility. 

Thus, his selloff—particularly in ETH and PEPE—may not signal a bearish reversal, but rather a temporary repositioning. Hayes appears to be stepping back from short-term turbulence while staying invested in the long-term potential of select altcoins. 

This approach reinforces a fundamental principle in investing: risk management remains critical, even in bullish markets.

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 Bitmex Arthur Hayes Sells Million Dollars in 3 Crypto Assets! appeared first on Coin Engineer.

Bitcoin (BTC): The BTC/USDT pair has gained 2.57% in the last 24 hours and is currently trading at $61,030. Resistance levels for BTC are $61,900 and then $63,570. Support levels are $57,735 and $56,247 below this zone.

Ethereum (ETH): The ETH/USDT pair has gained 1.48% in the last 24 hours and is currently trading at $2,678. Resistance levels for ETH are first at $2,730 and then at $2,925. Support levels are at $2,514 and below this zone is the $2,166 level.

Aptos (APT): The APT/USDT pair has gained 4.47% in the last 24 hours and is currently trading at $6.33. Resistance levels for APT are first $6.96 and then $7.37. Support levels are $5.77 and below this zone is the $5.26 level.

Pepe (PEPE): The PEPE/USDT pair has gained 2.34% in the last 24 hours and is currently trading at $0.00000785. Resistance levels for PEPE are first $0.00000900 and then $0.00001253. Support levels are $0.00000684 and below this zone is the $0.00000588 level.

Solana (SOL): The SOL/USDT pair has gained 1.90% in the last 24 hours and is currently trading at $147.33. Resistance levels for SOL are first $151.99 and then $163.81. Support levels are $136.53 and below this zone is the $130 level.

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 Latest on Bitcoin and Cryptocurrencies – 20 August appeared first on Coin Engineer.

Pepe’s Market Performance and Trader Reactions

Pepe’s trading volume on May 5 was $783.17 million, and its price was $0.0000088. Since then, the price has gained 94% to reach all-time highs on May 27, but it has since dropped and is currently trading at $0.0000147.

Pepe’s trading volume, however, peaked at $2.47 billion during the preceding 24 hours—a 216% increase from the beginning of the month.

Although some cryptocurrency traders believe Pepe is guiding the future of the entire meme coin market, others are skeptical about its abrupt decline following its highest highs on May 27.

“Pepe is pulling back; hence, the whole meme coin market is also pulling back. Currently, Pepe holds the top position in the meme market,” as reported by the pseudonymous crypto trader Nebraskangooner to his 345,700 followers on May 30.

The two biggest meme currencies by market capitalization, Dogecoin and Shiba Inu, both experienced price drops in the same three-day period that Pepe’s price did.

According to CoinMarketCap statistics, Shiba Inu dropped by 8% to $0.00002608 and Dogecoin dropped 6.41% to $0.1604.

But if Pepe’s fleeting all-time high falls short of sustaining those levels once more, crypto trader Michael Pizzino sees a danger sign.

This Might Interest You: Solana Meme Coin Surges 15x After Listing on Crypto Exchange!

Pizzino said in a May 30 X post: “Pepe is technically in the strongest position in terms of price; but, look out if the next rally fails to print a new high.”

While Pepe’s dip has only resulted in increased trader interest over the previous 24 hours, a 26.38% rise, Dogecoin saw trading volumes drop by 7.4% and 45%, respectively.

Launched in May 2023, PEPE has seen a notable price increase—25,955%. Since January 1, only this year alone has it increased 1,042%.

Still, traders have profited from many moments of notable volatility during the year.

A PEPE whale investor reportedly made around $5 million on the Pepe token in less than a month, riding on the most recent surge.

The post Pepe Meme Coin Trading Volume Surges Despite Price Dip appeared first on Coin Engineer.

In an official statement on Wednesday, May 22, Binance announced that it will add trading pairs for Arweave (AR), Ethena (ENA), Pepe (PEPE), Renzo (REZ), and Tellor Tributes (TRB).

With the new trading pairs, Binance will enable AR and TRB traders to trade against First Digital USD (FDUSD), ENA and PEPE traders to trade against Euro (EUR), and REZ traders to trade against USD Coin (USDC).

According to the announcement, traders will be able to start trading AR/FDUSD, ENA/EUR, PEPE/EUR, REZ/USDC, and TRB/FDUSD on Binance at 11:00 AM (Turkey Time) on May 23.

In addition, it was announced that the AR/FDUSD, ENA/EUR, PEPE/EUR, REZ/USDC, and TRB/FDUSD trading pairs can also be used for spot Algo orders.

The post Binance Lists 5 New Trading Pairs appeared first on Coin Engineer.