• Chain knowledge exhibits that Arthur Hayes has an “AltSeason bag” price greater than $15.4 million.
• His prime holdings embody massive positions for LDO and Pendle, together with $13.8 million in Ethereum.
• His prime picks, LDO and Pendle, have skyrocketed 59% and 32% previously week, respectively.

Bitmex co-founder and Crypto’s main influencer Arthur Hayes has a giant wager on the approaching Altcoin season. Arkham Intelligence’s on-chain knowledge exhibits that wallets related to Hayes have considerably elevated Altcoin holdings, with a transparent give attention to Ethereum (ETH), Lido Dao (LDO) and Pendle (Pendle).

Knowledge on the chain exhibits that Hayes’ wallets mix 1,980 ETH and 1,160 wrap ETH (WETH) to round $13.8 million. His Lido Dao (LDO) place stands at 425,000 tokens (price ~633k) and holds 184,600 pendle tokens (price ~998k).

This brings his whole tracked Altcoin Holdings for this “Alto Season Bag” to over $15.4 million. Importantly, his pockets additionally holds almost $10 million in USDC, representing an necessary dry powder able to be deployed.

He isn’t the one one. Hayes has purchased ETH, however he has additionally purchased the remainder of his sensible cash. It is a deep dive concerning the huge Ethereum whale accumulation.

How do you play Hayes’ prime picks?

The Altcoin market has not too long ago earned delicate earnings, with Crypto’s whole market capitalization rising 2.3% to $4.12 trillion on Monday. Nevertheless, Hayes’s chosen belongings are dramatically extra highly effective.

Lido Dao (LDO) has skyrocketed over 15% to commerce for $1.48 during the last 24 hours. This has pushed the mid-cap altcoin to 6 months’ top, halting the spectacular 59% rally previously seven days.

Pendle (Pendle) has seen an enormous run previously week, gathering over 32% and buying and selling at $5.34. The token is about to retest vital resistance ranges which have been a significant gross sales zone for the previous 12 months to round $6.90.

Hayes Signaling 2025 Will Altseason start?

Hayes could be very public about his perception within the upcoming ALT season, fueled by the Wall Road capital, and his on-chain strikes present that he’s performing on that perception.

His wager is supported by a number of macro elements, together with a clearer US regulatory outlook and a progressive decline available in the market benefit of Bitcoin, which hovered round 60.7% on the time of writing.

Nevertheless, the index for the Altcoin season rebounded to 41, which remains to be removed from the 75 or increased stage representing the market-wide Altcoin rally.

Knowledge from Cryptoquant additionally exhibits that Mid-Cap Altcoins in late 2024 will not be but outperforming the massive ALTs, suggesting that the market should be within the early levels of a wider motion.
What do market specialists purchase? Hayes has his choose, however what about different prime analysts? It is a record of eight altcoins by Michael Van de Poppe.