Arthur Hayes Makes A Move On Aethir (ATH): Transfers And Losses Detailed

Arthur Hayes, the founder of BitMEX, has recently made significant moves in the cryptocurrency space by acquiring 116.6 million Aethir (ATH) tokens, valued at $7.62 million, at an average purchase price of $0.065 each.

This follows his decision in September to sell his holdings of Pendle ($PENDLE).

Just one hour ago, Hayes transferred out 41 million ATH tokens worth around $2.18 million.

Out of this, 36 million ATH went to the Bybit exchange, while the remaining 5 million were sent to OKX. These transfers reveal Hayes’ decision to offload 41 million ATH tokens, reportedly at a loss of $2.2 million.

Hayes Still Holds Over 75 Million ATH Tokens 

Currently, Hayes still holds a sizable amount of ATH—75.6 million tokens, which are valued at approximately $4.16 million. However, his position shows a loss of around $1.22 million based on the current token price of $0.054.

Aethir (@AethirCloud) operates as a decentralized real-time rendering network, focusing on building scalable cloud infrastructure to improve content accessibility within the Metaverse. It falls under the Decentralized Physical Infrastructure Networks (DePIN) sector, and the token’s current market capitalization is $210 million.

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

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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Source: https://nulltx.com/arthur-hayes-makes-a-move-on-aethir-ath-transfers-and-losses-detailed/