Arthur Hayes Buys ETHFI, Korean Won Trading Launch Triggers Significant Price Surge

Gate News, March 19 — Maelstrom Chief Investment Officer Arthur Hayes bought the Ether.fi (ETHFI) token just hours before its listing on Korea’s largest cryptocurrency exchange, sparking market attention. According to on-chain data, Hayes received approximately 132,730 ETHFI from Anchorage Digital, worth about $72,800. In January, he invested over $3.4 million in four DeFi altcoins, including ETHFI.

Lookonchain pointed out that Hayes’s purchase occurred only about five hours before the platform announced the listing. About a month earlier, he transferred 2.15 million ETHFI at $0.47 per token, while this purchase was made at $0.55 per token, indicating an active DeFi rotation strategy.

The platform officially supported ETHFI/KRW trading today at 12:30 PM. Prior to this, the token was already available on Bitcoin and USDT trading markets. To ensure market stability, the platform implemented restrictions on buy orders and set a lower limit on sell order prices during the initial launch, allowing only limit orders within the first two hours.

ETHFI responded positively to the listing news, with its price surging over 20% to $0.65, reaching a new high since mid-January. As of press time, the price has retreated to around $0.57. Overall, this listing not only increased ETHFI’s market liquidity but also attracted more DeFi investors, demonstrating the potential of emerging altcoins in the KRW trading market.