Renowned trader Arthur Hayes has recently been adjusting his positions. Starting from December 20th, he has gradually shifted from Ethereum to DeFi ecosystem tokens. This round of moves is quite interesting — he directly withdrew tokens worth $2.52 million from exchanges, adopting a long-term holding strategy.

Looking at his specific actions: PENDLE became his core holding, with 68,700 tokens valued at $1.23 million, accounting for 48.9% of the total tokens withdrawn. LDO was also a major move, acquiring 1.85 million tokens worth $1.03 million. Additionally, he added to his position in ENA, with 1.22 million tokens valued at $257,000.

This operational logic is quite clear — shifting from risk concentrated in a single asset to diversified allocation within the DeFi ecosystem, and all withdrawals indicate a strong long-term confidence in these tokens. The recent hype in the DeFi sector suggests that large funds are also paying close attention.