Arthur Hayes Deploys $3.4 Million into 4 DeFi Tokens: Bet on 2026 Comeback?

Group 1 - Arthur Hayes, co-founder of BitMEX, is making significant investments in decentralized finance (DeFi) tokens, indicating a shift from Ethereum to other protocols expected to recover by 2026 [1][2] - Hayes has invested over $3.4 million in four DeFi assets: $1.97 million in ENA, $735,330 in ETHFI, $515,360 in PENDLE, and $259,960 in LDO [1][3] - The tokens are currently trading well below their all-time highs, reflecting a broader downturn in the DeFi sector, with Hayes converting an additional $5.5 million in Ethereum into these assets [2][3] Group 2 - Hayes' strategy involves accumulating these assets during price dips, suggesting a belief in their long-term value rather than short-term speculation [3] - The allocation is heavily weighted towards PENDLE, which accounts for over 50% of his investments, indicating a focus on yield tokenization [2][4] - Each token in Hayes' portfolio is linked to specific growth narratives, such as ENA potentially benefiting from institutional inflows due to Bitwise's recent ETF filing [4] Group 3 - PENDLE has shown strong revenue generation despite low token prices, providing consistent quarterly cash flow to its holders [4] - The total holdings include 4.86 million ENA tokens valued at approximately $986,000 and 697,851 ETHFI tokens worth around $485,000 [5]