Arthur Hayes Makes Major Withdrawals from the Cryptocurrency Market

Renowned cryptocurrency investor and former BitMEX CEO Arthur Hayes continues to create notable movements in the
crypto market
. Recently, Hayes drew attention by withdrawing 30.89 million Aethir (ATH) worth 1.92 million dollars from the Bybit exchange. In the past two days, he has made headlines with various ATH withdrawal transactions from multiple exchanges.
Contents
Hayes Withdraws 47.37 Million ATH from Exchanges
Total ATH Holdings Reach 93.15 Million
Hayes Withdraws 47.37 Million ATH from Exchanges
Spot On Chain reports that Hayes has withdrawn a total of 47.37 million ATH from Bybit, OKX, and KuCoin over the last two days. The total value of these transactions is recorded at 2.94 million dollars.


The notable withdrawal transactions by the famous cryptocurrency investor indicate his confidence in the
altcoin
and suggest investment plans related to it. Such large-scale transactions in the crypto world are closely monitored by traders and can significantly impact the market.
Total ATH Holdings Reach 93.15 Million
Currently, Hayes holds a total of 93.15 million ATH in his wallet, equivalent to approximately 5.79 million dollars. This amount stands out as Hayes’ largest accumulation of ATH coins to date. Data indicates that he is facing an unrealized loss of 207 thousand dollars in this altcoin.
Hayes’ ongoing investments in ATH could increase interest in the
cryptocurrency market
and lead to upward price fluctuations. Market observers are keenly discussing the motivations behind his strategy and its potential effects on the market.
Recent data shows that Aethir’s main net asset, ATH coin, trades at 0.06306 dollars, reflecting a 3.93 percent decline in the last 24 hours. With a market capitalization of 255.8 million dollars, it ranks 222nd. Additionally, data indicates that the all-time high for this altcoin was recorded at 0.1059 dollars on June 13, 2024, which means it is currently priced 40 percent below its all-time high.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.