Arthur Hayes Shifts Focus From $PENDLE To $ATH: A Strategic Move?

Crypto magnate Arthur Hayes, known for his influential market moves, is transitioning his investments from $PENDLE to $ATH.

Over the past three days, Hayes deposited 1.595 million $PENDLE, valued at approximately $5.61 million, into Binance and Bybit. Shortly after, he withdrew 16.478 million $ATH, worth around $1.02 million, from OKX, Bybit, and KuCoin through his wallet, 0x75b.

Currently, Hayes holds 62.257 million $ATH, valued at $4.1 million, making it his second-largest holding.

His third-largest asset is 493,463 $PENDLE, worth $1.98 million, with an estimated profit of $1.15 million, reflecting a 19% gain. In just 24 hours, he withdrew 14.55 million $ATH, approximately $951,000, from both Bybit and OKX.

Hayes Has Acquired Over 62 Million $ATH 

Over the past month, Hayes has accumulated a total of 62.258 million $ATH (around $4.08 million) from various exchanges, with an average entry price of $0.0655.

Notably, his fund, Maelstrom Fund, is a key investor in Aethir (ATH), raising speculation that these recent purchases may serve a marketing purpose. Interestingly, PENDLE surged by 23% shortly after Hayes offloaded his holdings.

The shift in Hayes’ strategy has sparked curiosity across the crypto space. His large position in ATH, combined with the recent surge in PENDLE, shows the power of his moves in influencing market trends. Investors are now watching closely to see how these shifts will play out in the coming weeks.

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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