Overview
- On-chain data show he sold 1,871 ETH worth about $5.53 million in late December to fund buys of PENDLE, LDO, ENA, and ETHFI.
- The latest allocations total roughly $1.97 million in ENA, $735,330 in ETHFI, $515,360 in PENDLE, and $259,960 in LDO, according to Lookonchain.
- Hayes described the reallocation as a rotation into “high-quality DeFi names,” emphasizing yield and revenue exposure over passive ETH holding.
- Blockchain trackers and analysts report repeated accumulation of the same four tokens during price dips, indicating a sustained strategy rather than a single trade.
- Cited fundamentals include Ether.fi processing around $50 million in monthly card payments with weekly buybacks up to $1.5 million and Lido controlling nearly 25% of staked ETH.