Arthur Hayes, the founder of BitMEX, has liquidated the last of his ATH holdings, transferring 37.91 million tokens ($2.27 million) out of his wallets.

Of this amount, 33.16 million ATH tokens ($2 million) were sent to Bybit, signaling a possible final sell-off.

Over the past five days, Hayes deposited a total of 66.115 million ATH tokens to exchanges Bybit and OKX. The transactions occurred at an average price of $0.0604, amounting to $3.99 million in deposits.

If Hayes has indeed sold all of these tokens at the current market price, his first trade in ATH would conclude with an estimated loss of $815,000, equating to a 10.8% decrease in value after holding the asset for approximately 3.5 months.

Haye Currently Holds No ATH Tokens 

As of now, no ATH tokens remain in any of Hayes’ known wallet addresses, suggesting he has fully exited his position.

While Hayes’ foray into ATH ends in a slight loss, the move underscores the challenges of navigating volatile markets, even for experienced traders and industry veterans. This activity also highlights the transparency of blockchain transactions, offering valuable insights into the trading behavior of prominent figures in the crypto space.

Arthur Hayes’ decision to liquidate his ATH holdings may indicate a strategic pivot or reassessment of the token’s potential in the current market landscape. With ATH no longer part of his portfolio, it will be interesting to see what direction Hayes takes in future crypto investments.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: sakchai/123RF // Image Effects by Colorcinch