Arthur Hayes, the founder of BitMEX, has recently made significant moves in the cryptocurrency space by acquiring 116.6 million Aethir (ATH) tokens, valued at $7.62 million, at an average purchase price of $0.065 each.
This follows his decision in September to sell his holdings of Pendle ($PENDLE).
Arthur 这是要割肉 $ATH 了？
◎BitMEX 创始人 Arthur Hayes 前面在 9 月份卖出 $PENDLE 后以 $0.065 的均价买进了 1.166 亿枚的 ATH ($7.62M)。
◎1 小时前，他转出了 4100 万枚 ATH ($2.18M)：其中 3600 万枚进入 Bybit、500 万枚进入 OKX。
现在 ATH 价格为 $0.053，这意味着他转出的 4100 万枚… https://t.co/coSxQZIixw pic.twitter.com/1HWJpTWIP5
— 余烬 (@EmberCN) October 18, 2024
Just one hour ago, Hayes transferred out 41 million ATH tokens worth around $2.18 million.
Out of this, 36 million ATH went to the Bybit exchange, while the remaining 5 million were sent to OKX. These transfers reveal Hayes’ decision to offload 41 million ATH tokens, reportedly at a loss of $2.2 million.
Hayes Still Holds Over 75 Million ATH Tokens
Currently, Hayes still holds a sizable amount of ATH—75.6 million tokens, which are valued at approximately $4.16 million. However, his position shows a loss of around $1.22 million based on the current token price of $0.054.
Arthur Hayes(@CryptoHayes) sold 41M $ATH($2.2M) at a loss 4 hours ago!
Currently, he still holds 75.6M $ATH($4.16M), with a loss of ~$1.22M on $ATH!https://t.co/QZgKaaVsORhttps://t.co/eInvQ8odBB pic.twitter.com/CTmzF9Lxns
— Lookonchain (@lookonchain) October 18, 2024
Aethir (@AethirCloud) operates as a decentralized real-time rendering network, focusing on building scalable cloud infrastructure to improve content accessibility within the Metaverse. It falls under the Decentralized Physical Infrastructure Networks (DePIN) sector, and the token’s current market capitalization is $210 million.
As the market for ATH fluctuates, it remains to be seen whether Hayes will continue to hold or further adjust his position in the future.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: Vintage Tone/Shutterstock.com