Famed investor and former BitMEX CEO, Arthur Hayes, continues to make waves in the world of cryptocurrency. In a recent move, Hayes drew attention by withdrawing 30.89 million Aethir (ATH) tokens, valued at $1.92 million, from the Bybit exchange. Over the past two days, he has made headlines with various ATH withdrawals from multiple exchanges.
According to Spot On Chain, Hayes has withdrawn a total of 47.37 million ATH tokens from Bybit, OKX, and KuCoin in the last two days. These transactions amount to a total value of $2.94 million. The significant withdrawals made by the renowned cryptocurrency investor indicate his confidence in the altcoin and suggest investment plans related to it. Traders closely monitor such large-scale transactions in the crypto world as they can have a significant impact on the market.
Hayes currently holds a total of 93.15 million ATH tokens in his wallet, equivalent to approximately $5.79 million. This accumulation of ATH coins is the largest Hayes has held to date. However, data shows that he is currently facing an unrealized loss of $207,000 in this altcoin. Hayes’ ongoing investments in ATH could spark interest in the cryptocurrency market and potentially lead to upward price fluctuations. Market observers are eagerly discussing the motivations behind his strategy and the potential effects it may have on the market.
Recent data reveals that Aethir’s main net asset, ATH coin, is trading at $0.06306, reflecting a 3.93 percent decline in the last 24 hours. With a market capitalization of $255.8 million, it currently ranks 222nd. Additionally, data shows that the all-time high for this altcoin was recorded at $0.1059 on June 13, 2024, which means it is currently priced 40 percent below its peak value.
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Disclaimer: The information provided in this article should not be considered as investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.