According to recent on-chain reports, BitMEX founder Arthur Hayes (@CryptoHayes) has made a significant move by selling his PENDLE holdings and shifting his focus to ATH.
Just 25 minutes ago, Hayes withdrew 30.89 million $ATH, valued at $1.92 million, from Bybit to his personal wallet, marking his largest single accumulation of ATH to date.
Over the past 48 hours, Hayes has withdrawn a total of 47.37 million $ATH (worth $2.94 million) from several major exchanges, including Bybit, OKX, and KuCoin. This spree has brought his total ATH holdings to an impressive 93.15 million tokens, valued at approximately $5.79 million.
Another 30.89M $ATH ($1.92M) was withdrawn from Bybit to Arthur Hayes' wallet 0xa86 ~25 minutes ago.
Notably, this is his largest single $ATH accumulation to date.
Over the past two days, Arthur Hayes has withdrawn 47.37M $ATH ($2.94M) from #Bybit, #OKX, and #KuCoin, bringing… https://t.co/z1y7Hh3A1X pic.twitter.com/YsqEoa7x07
— Spot On Chain (@spotonchain) September 24, 2024
Hayes Proceeds With Massive Accumulation Of ATH Tokens
This shift comes as Hayes continues to make calculated moves in the crypto space. His aggressive accumulation of ATH suggests a strong belief in the token’s potential for future growth, especially given the large sums involved in these recent transactions.
The market is paying close attention to these developments, as Hayes is known for his strategic positioning within the crypto landscape. His recent selling of PENDLE and purchase of ATH could signal a new trend or opportunity in the market, sparking interest from investors and observers alike.
With Hayes’ reputation for timing and executing large trades, many are now watching closely to see how ATH will perform following this substantial buy-up. Will this accumulation lead to a strong rally for ATH? Only time will tell as the crypto community watches Hayes’ next moves.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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