Hayes Says Maelstrom Closed $22.28 Million in Crypto Positions

Maelstrom founder Arthur Hayes said the firm closed its directional trading book and took profits on cryptocurrency positions worth about $22.28 million, including 6,400 ether valued at $15.2 million. He said he would wait for clearer market conditions before making another investment move. The reported holdings also included 14 million ENA worth about $2.76 million and 323,000 UNI valued at $2.24 million, according to on-chain tracking attributed to Lookonchain. Other tokens in the reported movements were ETHFI, AERO, PENDLE and ZAMA. The $22.28 million estimate is based on those transactions and valuations. Hayes described the decision as a response to an uncertain economic and geopolitical outlook. In a public post, he said the firm had taken profits and suggested prices might fall further before recovering. That was his assessment of the market, not a verified forecast. He said he would remain on the sidelines until an all-clear signal. The reports also described further activity on October 25, when 14 million ENA, valued at about $2.73 million, was transferred to Cumberland. Lookonchain separately attributed roughly $28.8 million in token movements to Maelstrom over a...