Arthur Hayes Shifts Focus From $PENDLE To $ATH: A Strategic Move?
Crypto magnate Arthur Hayes, known for his influential market moves, is transitioning his investments from $PENDLE to $ATH.
Over the past three days, Hayes deposited 1.595 million $PENDLE, valued at approximately $5.61 million, into Binance and Bybit. Shortly after, he withdrew 16.478 million $ATH, worth around $1.02 million, from OKX, Bybit, and KuCoin through his wallet, 0x75b.
Arthur Hayes (@CryptoHayes) is shifting from $PENDLE to $ATH after all.
In the last 3 days, he deposited 1.595M $PENDLE ($5.61M) to Binance and Bybit, then withdrew 16.478M $ATH ($1.02M) from OKX, Bybit, and KuCoin via wallet 0x75b.
Arthur Hayes now holds:
• 62.257M $ATH… https://t.co/RsrkCV2mxd pic.twitter.com/vbwKu4VKvj
— Spot On Chain (@spotonchain) September 23, 2024
Currently, Hayes holds 62.257 million $ATH, valued at $4.1 million, making it his second-largest holding.
His third-largest asset is 493,463 $PENDLE, worth $1.98 million, with an estimated profit of $1.15 million, reflecting a 19% gain. In just 24 hours, he withdrew 14.55 million $ATH, approximately $951,000, from both Bybit and OKX.
Within 24 hours, #Arthur_Hayes withdrew 14.55M $ATH (~$951k) from #Bybit and #OKX.
Within a month, he totally accumulated 62.258M $ATH (~$4.08M) from those exchanges with avg entry $0.0655
Address:https://t.co/NncTyJ1fzr pic.twitter.com/9FpPts2pae
— The Data Nerd (@OnchainDataNerd) September 23, 2024
Hayes Has Acquired Over 62 Million $ATHOver the past month, Hayes has accumulated a total of 62.258 million $ATH (around $4.08 million) from various exchanges, with an average entry price of $0.0655.
BitMEX 创始人 @CryptoHayes 在过去两天出售 159.5 万枚 PENDLE ($5.61M) 后，继续投资了 ATH：一个半小时前从做市/场外平台 @flowdesk_co 收到 848 万枚 ATH ($0.51M)。
◎Arthur Hayes 自 8/15 以来，累计从 OKX、Bybit 和 Flowdesk 提出了 5426 万枚 ATH ($3.61M)，均价 $0.066；
◎Arthur Hayes… https://t.co/hRRxCgC9Lq pic.twitter.com/QHNCesscoW
— 余烬 (@EmberCN) September 22, 2024
Notably, his fund, Maelstrom Fund, is a key investor in Aethir (ATH), raising speculation that these recent purchases may serve a marketing purpose. Interestingly, PENDLE surged by 23% shortly after Hayes offloaded his holdings.
The shift in Hayes’ strategy has sparked curiosity across the crypto space. His large position in ATH, combined with the recent surge in PENDLE, shows the power of his moves in influencing market trends. Investors are now watching closely to see how these shifts will play out in the coming weeks.
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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