Arthur Hayes, co-founder of BitMEX, has transferred over 14.8 million USDC to exchanges and institutional platforms after announcing plans to buy ETH.
Then, within two hours, he received assets including 1,250 ETH, 424,000 LDO, 420,000 ETHFI, and 92,000 PENDLE. Prior to this, he forecasted Bitcoin at 100,000 USD and ETH at 3,000 USD, leading to the decision to sell many assets within the ETH ecosystem.
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Arthur Hayes transferred 14.8 million USDC to exchanges and institutional platforms after announcing his intention to buy ETH.
He received nearly 7 million USD worth of assets including ETH, LDO, ETHFI, and PENDLE within 2 hours.
How much assets related to ETH and ecosystem Tokens has Arthur Hayes transferred?
Arthur Hayes has transferred a total of 14.8 million USDC to exchanges and institutional platforms after announcing his intent to buy ETH.
Specifically, over the span of two hours, he received assets totaling 1,250 ETH equivalent to 5.29 million USD, 424,000 LDO (approximately 550,000 USD), 420,000 ETHFI (510,000 USD), and 92,000 PENDLE (500,000 USD). This significant movement indicates substantial trading activity by an influential individual in the digital asset market.
What are Arthur Hayes' recent forecasts for Bitcoin and Ethereum prices?
On August 2, Arthur Hayes forecasted Bitcoin to drop to 100,000 USD and Ethereum to around 3,000 USD.
This forecast has caused him to sell various Tokens in the Ethereum ecosystem that he purchased back in July, including ENA, AAVE, LDO, ETHFI, and PEPE. ETH was sold at a price of about 3,506 USD, reflecting a strategic adjustment based on his assessment of future price trends.
Arthur Hayes, co-founder of BitMEX, once shared in August 2023 that: “Adjusting the investment portfolio according to market fluctuations is necessary to protect assets and seize new opportunities.”
Arthur Hayes, co-founder of BitMEX, 8/2023
Why are the movements of individuals like Arthur Hayes important in the cryptocurrency market?
Whales like Arthur Hayes have a significant ability to impact the market due to their trading value and influence on investor sentiment.
Large-scale asset transfers often create a domino effect in trading, influencing price volatility and market trends. Therefore, monitoring the actions of such individuals helps investors better understand potential developments.
What types of Tokens related to ETH has Arthur Hayes traded?
The Tokens that Mr. Hayes traded include ETH along with other Tokens in the ecosystem such as LDO (Lido DAO Token), ETHFI (Ethereum Finance Token), PENDLE, ENA, AAVE, and PEPE.
These Tokens reflect the diversity in the investment portfolio within the Ethereum ecosystem, from DeFi Tokens to smaller project Tokens, demonstrating a diverse asset allocation strategy to manage risk as well as capitalize on growth opportunities.
Frequently Asked Questions
How much USDC has Arthur Hayes transferred related to Ethereum recently?
He transferred 14.8 million USDC to exchanges and institutional platforms, along with transactions to receive many ETH and ecosystem Tokens.
What is the reason Arthur Hayes sold ETH and ecosystem Tokens?
He forecasts ETH to drop to 3,000 USD, so he sold to mitigate risk and adjust his investment portfolio.
Which Tokens in the Ethereum ecosystem has Hayes traded?
Including ETH, LDO, ETHFI, PENDLE, ENA, AAVE, and PEPE.
How does this individual's asset transfer affect the market?
Whale transactions like Hayes' can significantly impact volatility and price trends in the cryptocurrency market.
At what price did Hayes sell ETH?
ETH was sold when it reached a price of about 3,506 USD.
Source: https://tintucbitcoin.com/arthur-hayes-mua-4-token-685-trieu-usd/
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