BitMEX co-founder Arthur Hayes is one of the most famous figures in the cryptocurrency world, and today he made headlines again with his on-chain trading. Mr. Hayes’ rapid sale of a large amount of altcoins has attracted the attention of the market.
According to on-chain data, Hayes reduced his positions in the morning by transferring 520 ETH (approximately $1.66 million), 2.624 million ENA (approximately $730,000), and 132,000 ETH FI (approximately $120,000) to institutional trading platforms such as Flowdesk, FalconX, and Wintermute.
About an hour later, Hayes further reduced his portfolio with a new wave of selling. In our latest sale:
- 260 ETH (~$820,000)
- 2.4 million ENA (approximately $657,000)
- 640,000 LDO (~$480,000)
- 1,630 AAVE (~$290,000)
- A total of approximately $2.45 million worth of crypto assets were liquidated, including 28,670 UNI (approximately $211,000).
Mr. Hayes has recently been known to highly value the altcoin Zcash (ZEC), but it is unclear how much ZEC he owns or whether he has sold it.
*This is not investment advice.
