Arthur Hayes, the Founder of BitMEX, Has Recently Made Significant Moves in the Cryptocurrency Space by Acquiring 116.6 Million Aethir (ATH) Tokens

Aethir (@AethirCloud) operates as a decentralized real-time rendering network, focusing on building scalable cloud infrastructure to improve content accessibility within the Metaverse.

Cryptocurrency tycoon Arthur Hayes makes big moves by acquiring 116.6 million Aethir tokens (ATH) worth $7.62 million at an average purchase price of $0.065 each.

This comes after his decision in September to sell his Pendle ($PENDLE) assets.

Arthur is getting ready to sell $ATH ??

◎BitMEX founder Arthur Hayes bought 1.166 billion ATH ($7.62 million) at an average market price of $0.065 after selling $PENDLE in September.

◎Now, transferred 41 million ATH tokens ($2.18 million): 36 million to Bybit exchange and 5 million to OKX. These transfers show that Hayes sold 41 million ATH tokens, incurring a loss of $2.2 million.

Hayes' transfers reveal his decision to sell 41 million ATH tokens, likely at a loss of $2.2 million.

Hayes still owns over 75 million ATH tokens

Now, Hayes still holds a significant amount of ATH — 75.6 million tokens, worth about $4.16 million. However, his position shows a loss of approximately $1.22 million based on the current token price of $0.054.

Arthur Hayes(@CryptoHayes) sold $41 million ATH($2.2 million) 4 hours ago at a loss!

Now, he still holds $75.6M in $ATH($4.16M), a loss of about $1.22M in $ATH!https://t.co/QZgKaaVsORhttps://t.co/eInvQ8odBB pic.twitter.com/CTmzF9Lxns

— Lookonchain (@lookonchain) October 18, 2024

Aethir (@AethirCloud) operates as a decentralized real-time performance network focused on building scalable cloud infrastructure to improve content accessibility in the Metaverse. It belongs to Decentralized Physical Infrastructure Networks (DePIN) sector and its current market cap is $210 million.

As the market for ATH fluctuates, it remains to be seen whether Hayes will continue to hold or adjust his position further in the future.

Disclosure: This is not trading or investment advice. Always do your own research before buying any cryptocurrency or investing in any services.

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