The incredible change in trading tactics of BitMEX co-founder Arthur Hayes has once again garnered attention throughout the world. According to on-chain statistics, Hayes shifted his focus from PENDLE to Aethir (ATH), significantly increasing his position in this asset.
Arthur Hayes' Strategic Move
Arthur Hayes acquired 30.89 million ATH, valued at $1.92 million, from Bybit. This transaction was consolidated by Spotonchain on September 24, marking the largest single cryptocurrency purchase he's made. The transaction was executed via wallet address '0xa86'.
Shift in Strategy
Over the last two days, Arthur Hayes withdrew 47.37 million ATH, or $2.94 million, from leading cryptocurrency exchanges such as Bybit, OKX, and KuCoin. Now, Hayes owns 93.15 million Aethir tokens, with a market value of $5.97 million. This substantial ownership indicates his bullish outlook on the asset's future profitability.
Future of ATH and Cryptocurrency
It should be noted that these accumulations show that Arthur Hayes has moved away from the PENDLE token due to current market developments. Both PENDLE's price and Hayes's ATH accumulations appear to be on a significant upward trend, which bodes well for the future of ATH's value. The BitMEX co-founder's new trading approach has piqued the interest of cryptocurrency enthusiasts, as many speculate whether ATH's price may reach $1 in the near future.
In conclusion, Arthur Hayes's recent actions in the cryptocurrency market underline his confidence in ATH's future. His substantial investments and shift in strategies also influence market sentiment and spark interest among the crypto community.
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