Arthur Hayes Continues Buying Spree of Aethir (ATH) Amid Focus Shift
- Arthur Hayes acquired 30.89 million ATH, valued at $1.92 million, from Bybit.
- The co-founder of BitMEX now owns 93.15 million Aethir tokens.
The incredible change in trading tactics of BitMEX co-founder Arthur Hayes has once again garnered attention throughout the world. According to on-chain statistics, the co-founders attention shifted from PENDLE to Aethir (ATH), which he acquired extensively. In addition to the coins 19% gain over the previous week, this strategic mover has expressed hope for the future of the ATH price.
Arthur Hayes acquired 30.89 million ATH, valued at $1.92 million, from Bybit. This is as per the on-chain transaction data consolidated by Spotonchain on September 24. The co-founder has never amassed more cryptocurrency in a single transaction than this one, made possible via the wallet address 0xa86.
Shift in Strategy
A staggering 47.37 million ATH, or $2.94 million, was withdrawn by Hayes from the leading cryptocurrency exchanges. These include Bybit, OKX, and KuCoin in the last two days, according to the statistics. The co-founder of BitMEX now owns 93.15 million Aethir coins. With a market value of $5.97 million, thanks to his acquisitions. A very bullish outlook on the assets future profitability is shown by the large ownership.
Additionally, it should be mentioned that these accumulations show that Arther Hayes has moved away from the PENDLE token due to current market developments. It seems that both the PENDLE price and Arthur Hayess ATH accumulations are on a significant upward trend, which bodes well for the future of the coins value.
The BitMEX co-founders new trading approach is even more intriguing in light of this story. Due to the enormous accumulation, crypto market fans are hoping for future price moves and are speculating if the ATH price may hit $1 ahead of time.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
