BitMEX Founder Swaps SOL for ETH After ‘Spiritual Revelation’

BitMEX co-founder Arthur Hayes took to Twitter to disclose a revelation he claims to have received during meditation. According to Hayes, the divine message advised him to divest from the Sam coin Proof-of-Stake (POS) project and express his allegiance to Archangel Vitalik.

Hayes is referring to former FTX CEO Sam Bankman-Fried’s favorite coin, Solana, and Ethereum co-founder Vitalik Buterin.

In his tweet, Hayes confessed to selling off his holdings in Solana (SOL) and redirecting his investments towards Ethereum (ETH). The co-founder declared that ETH would reach a price of $5,000.

Hayes declared his change of heart amidst Solana’s notable price performance. Over the past 24 hours, Solana has shown a modest 16.1% increase. Solana has also experienced a robust 31% surge in the past week and witnessed an impressive 80.8% increase in value in the 30-day period.

During the last 30-day period, Solana witnessed its lowest point at $53.71. The highest point Solana reached in the last 30 days was $99.12, signifying a noteworthy peak in its valuation.

SOL is now hovering around the $99 level, eyeing a potential breakout above $100. ETH has also exhibited a fairly modest spike, rising over 2.6% in the last 24 hours.

Whether this is a momentary pivot by Hayes or a long-term strategic move remains uncertain. The tweet by Hayes comes at a time when Ethereum developers are ramping up testing for the Dencun upgrade.

The new upgrade is set to add data storage capacity through a process called proto-dank sharding. The developers hinted in a recent call that January 17 could be the test run date for Dencun.

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