Arthur Hayes, the former CEO and co-founder of BitMEX, has once again captured the crypto community's attention with his recent purchases of Aethir (ATH) tokens.
Recent Purchases by Arthur Hayes
On September 23, 2024, the analytics firm TheDataNerd reported that Arthur Hayes had bought 14.55 million ATH tokens, worth $951K, from exchanges ByBit and OKX. Over the past month, Hayes has accumulated a significant 62.258 million ATH tokens, worth $4.08 million, at an average price of $0.0655.
Aethir (ATH) Current Price Momentum
Following the massive purchase, ATH is currently trading near $0.0642 and has seen a price surge of over 2.5% in the past 24 hours. However, its trading volume dropped by 8%, possibly due to its low market capitalization. According to coinmarketcap data, ATH’s current market cap is $260 million, with a total supply of 42 billion ATH tokens.
Technical Analysis and Forecasts
According to expert technical analysis, ATH appears bullish and is currently retesting its breakout level of $0.0617, which occurred on September 22, 2024. If ATH successfully holds this breakout level, there is a strong possibility it could surge by 38% to reach the $0.089 level in the coming days. Despite being absent from major exchanges like Binance, Coinbase, and Kraken, community sentiment around ATH remains highly positive, with 90% of community members bullish on ATH, compared to 10% bearish.
Arthur Hayes's purchases have sparked substantial interest in Aethir (ATH) tokens, highlighting their prospects in the field of decentralized cloud infrastructure for gaming and AI.
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