Arthur Hayes has sold 1,871 ETH, valued at approximately $5.53 million, and reallocated the funds into DeFi tokens such as Pendle, Lido, and Ethena. This move comes as on-chain data reveals that large wallets have withdrawn $15.9 million in DeFi tokens, including PUMP, CLOUD, and JTO, indicating a trend of long-term accumulation. The activity suggests a strategic shift among whales, who are reducing their Ethereum exposure while increasing positions in Solana-based DeFi projects. This repositioning may reflect expectations of potential price appreciation in the DeFi sector.