1
3
BitMEX founder and former CEO Arthur Hayes has been making significant transactions in the altcoin market lately. Hayes, a well-known name in the cryptocurrency world, lost more than $ 5 million in total by selling $ENS, FXS and LOOKS through Wintermute. The loss on each token exceeded 50%.
Hayes previously announced on December 22 that he planned to sell SOL and buy $ETH. He implemented this plan over the last few days and cut his losses by selling $ENS, FXS and LOOKS through Wintermute and then buying $ETH, $GMX and $PENDLE.
The transactions took place as follows:
Sold:
- 239,628 $ENS ($2.14 million) with a loss of $2.18 million (-50%)
- 105,814 FXS ($0.95 million) for a loss of $1.05 million (-52%)
- $18.1 million ($1.59 million) with a loss of $2.47 million (-60%)
Received:
- 437 $ETH ($1 million) at $2,286
- 21,040 $GMX ($1 million) at $47
- 500 thousand $PENDLE ($0.54 million) at $1.09
Hayes is currently the largest $GMX holder with 233,000 $GMX worth $12 million.
By selling the tokens he lost and then purchasing $ETH and L2 DeFi tokens, Hayes appears to be confident in $ETH and the upcoming Cancun update market.
The transactions were made through three addresses known to be associated with Arthur Hayes.
*This is not investment advice.
u.today
coindesk.com
