A wallet linked to Arthur Hayes received LIDO and AAVE worth $2.05M
Tokens were sent from Flowdesk, suggesting an OTC deal
The move hints at bullish sentiment on Ethereum DeFi tokens
In a notable on-chain development, a wallet suspected to be associated with Arthur Hayes, the co-founder of BitMEX, has received a large amount of Ethereum-based DeFi tokens. According to blockchain data, the wallet received approximately 1.1253 million LIDO and 3,033.14 AAVE tokens from Flowdesk earlier today. The total value of the transfer is estimated at around $2.05 million.
The transaction has sparked speculation within the crypto community about a potential over-the-counter (OTC) deal involving Ethereum DeFi blue-chip assets.
Flowdesk Transfer Signals Possible OTC Deal
Flowdesk, a market-making and liquidity provider firm, is known for facilitating OTC transactions and managing large-scale crypto assets. The movement of such a significant volume of LIDO and AAVE to a wallet linked to Arthur Hayes strongly hints at a private deal rather than a public market purchase.
Over-the-counter purchases are often used by high-net-worth individuals and institutions to avoid slippage and reduce market impact. Given Hayes’ known interest in Ethereum and DeFi protocols, this acquisition could be a strategic move positioning for the next DeFi cycle.
An address suspected to be associated with BitMEX co-founder Arthur Hayes received 1.1253 million LIDO and 3,033.14 AAVE from Flowdesk today, with a combined value of approximately 2.05 million USD, suggesting a possible OTC purchase of Ethereum DeFi blue-chip tokens.…
— Wu Blockchain (@WuBlockchain) July 17, 2025
Bullish Bet on Ethereum-Based DeFi?
LIDO and AAVE are widely considered blue-chip tokens in the Ethereum ecosystem. LIDO is a leading liquid staking solution, while AAVE is a decentralized lending protocol. This transaction could be interpreted as a bullish signal for DeFi’s future—particularly with Ethereum’s continued role in hosting most DeFi activity.
Arthur Hayes has previously expressed support for Ethereum and decentralized finance in his blogs and interviews. This latest wallet activity aligns with his known crypto investment philosophy, focusing on infrastructure and protocols that power the decentralized web.
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