Arthur Hayes accelerates the liquidation of positions in key tokens

Experienced trader Arthur Hayes has caused a stir on specialized networks after executing a series of sell operations that suggest a strategic withdrawal of multiple digital assets in early February. According to reports from BlockBeats, these moves by Arthur Hayes expose the extreme volatility characterizing the current token market, where even the most sophisticated investors face significant challenges.

Transaction Pattern: Buying at Peaks and Selling at Valleys

Arthur Hayes’s recent operations show a complete investment cycle without encouraging results. In the case of PENDLE, the trader purchased 1.4 million units at $2.06 per token, spending a total of $2.87 million. Later, he liquidated 327,869 units at just $1.53 each, recovering around $502,000. This represents a loss of approximately 25% relative to the purchase price.

The situation repeats with ENA, where Arthur Hayes invested 15.8 million tokens at $0.23, totaling $3.6 million. Months later, he sold 3.6 million units at $0.14 each, earning only $499,000. Here, the contraction reaches 39% of the initial entry price.

In LDO, the pattern persists: Hayes bought 2.3 million tokens at $0.56, investing $1.29 million, and subsequently divested 2.31 million at $0.42, raising $980,000. This operation resulted in an approximate 25% loss.

Progressive Disinvestment and Its Significance in the Current Context

The fact that an investor of Arthur Hayes’s caliber chooses to liquidate positions at a loss indicates a significant tactical adjustment. As of February 12, 2026, prices have continued to decline: PENDLE is trading at $1.14 (34% below the $1.53 sale price), ENA is trading at $0.12 (14% less than the exit price), and LDO is resting at $0.34 (19% below the divestment price).

These dynamics suggest that Hayes evaluated the risk-benefit balance and decided to cut his exposure before incurring even greater losses. It’s not simply about “chasing peaks and selling at lows,” but a decision based on analysis of deteriorating market conditions.

The Message Arthur Hayes Sends to the Market

Hayes’s exit strategy reflects a notable contraction in risk appetite among institutional and professional investors. When figures like Hayes choose to abandon positions—especially in medium-risk tokens like PENDLE, ENA, and LDO—this is often interpreted as a sign of widespread caution.

Comments on specialized networks have been mocking, suggesting that “even the best traders make mistakes.” However, what’s important here is that Hayes recognized his timing errors and acted quickly to minimize damage—a valuable lesson for any market participant observing these transactions.