It has been claimed that BitMEX co-founder Arthur Hayes bought a good portion of his Ethereum ($ETH) holdings following a virtually 3% drop in worth.
In response to on-chain knowledge, Hayes had bought a complete of three,298 $ETH by OTC transactions over the previous two weeks at a mean worth of $1,916. Nevertheless, an tackle believed to belong to Hayes transferred 2,364 $ETH to addresses linked to Cumberland and Galaxy Digital roughly two hours in the past.
Following these transfers, 4.30 million USDC was despatched to Hayes’ pockets. The transaction circulate instructed that the transferred Ethereum was almost certainly bought.
Assuming Hayes bought 2,364 $ETH, the transaction is estimated to have resulted in a lack of roughly $220,000.
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As well as, on-chain knowledge revealed that Arthur Hayes not too long ago bought $658,000 price of SYN and $248,000 price of ENA.
BitMEX, the cryptocurrency change based by Hayes, not too long ago introduced its choice to completely shut down.
*This isn’t funding recommendation.
