Arthur Hayes, co-founder of the cryptocurrency exchange BitMEX, has increased his investments in altcoins by transferring $16.5 million USDC to exchanges over the past 24 hours.
Increase in Hayes's Altcoin Purchases
Hayes spent approximately $7.43 million acquiring 1,750 ETH and $1.02 million on 184,610 Pendle coins. Additionally, he invested over $1 million into Lido DAO and Ether.fi.
Diversity of Transfers and Investment Portfolio
Hayes's transfers show a variety of directions, including major exchanges Binance and Kraken, as well as smaller addresses for private deals. His portfolio encompasses different thematic altcoins such as Ethereum, Pendle, Lido DAO, and Ether.fi.
Positive Indicators in the Crypto Market
Hayes had previously forecast a positive altcoin season following Bitcoin's rally. By August 10, the total value locked in decentralized finance surpassed $150 billion, indicating a favorable market state.
Arthur Hayes's aggressive investment activity points to his confidence in the growing altcoin market, further supported by positive market indicators.
