Arthur Hayes, the co-founder of BitMEX, has been making significant moves in the altcoin market. After heavily selling off his PENDLE holdings, Hayes has now turned his attention to accumulating Aethir (ATH).
According to on-chain analytics platform Spot on Chain, Hayes recently deposited 240,000 PENDLE (worth $958,000) into Binance. This comes after he has already made $1.24 million in profit from his PENDLE sales, leaving him with only 253,000 PENDLES remaining.
Hayes’ PENDLE position has seen a significant reduction of 87% in just four days. He has been able to make profits by depositing a total of 1.835 million PENDLE (worth $6.57 million) on Binance and Bybit.
Despite selling off PENDLE, Hayes has not stopped his altcoin transactions. Spot On Chain reports that he has withdrawn $1.92 million worth of Aethir (ATH) from Bybit. In the past two days, he has withdrawn a total of 47.37 million Aethir ($2.94 million) from Bybit, OKX, and KuCoin.
This recent withdrawal of 30.89 million ATH (worth $1.92 million) is the largest single ATH purchase Hayes has made to date. His total ATH holdings now amount to 93.15 million ATH ($5.79 million).
Although the price of Aethir (ATH) has experienced a 4% decrease in the last 24 hours, it has started to rise again in recent hours.
It is important to note that this article does not provide investment advice. However, if you are interested in investing in cryptocurrencies, you can register with Binance exchange with a 20% commission discount through the provided link.
For exclusive news, analytics, and on-chain data, be sure to follow our Telegram and Twitter accounts.
