Arthur Hayes Buys $4M Worth of Aethir (ATH) After PENDLE Selloff

After selling millions of dollars worth of PENDLE tokens, Arthur Hayes, the ex-CEO and co-founder of BitMEX, purchased a significant amount of Aethir ($ATH) tokens from centralized exchanges (CEXs). On September 23, 2024, the on-chain analytics firm TheDataNerd made a post on X (formerly Twitter) that Hayes had bought 14.55 million $ATH tokens, worth $951K, from ByBit and OKX.

Arthur Hayes’s Big Bet on Aethir ($ATH)

Additionally, the analytics firm also stated that over the past month, hayes has accumulated a significant 62.258 million $ATH tokens, worth $4.08 million at an average price of $0.0655. Aethir is developing a scalable decentralized cloud infrastructure (DCI) for gaming and AI.

Source: X (Previously Twitter)

Noticing Arthur Hayes’ interest in $ATH tokens, Aethir posted on X, “Glad to see Hayes sharing positive sentiments about what we’re building at Aethir.”

Aethir ($ATH) Current Price Momentum

Following this massive purchase, $ATH is currently trading near $0.0642 and has experienced a price surge of over 2.5% in the past 24 hours. During the same period, its trading volume dropped by 8%, indicating lower participation, likely due to its low market cap. According to coinmarketcap data, $ATH’s current market cap is $260 million, with a total supply of 42 billion $ATH tokens.

Technical Analysis and Upcoming Levels

According to expert technical analysis, $ATH appears bullish and is currently retesting its breakout level of $0.0617, which occurred on September 22, 2024. If $ATH successfully holds this breakout level, there is a strong possibility it could surge by 38% to reach the $0.089 level in the coming days.

Source: Trading View

However, this token is not available on Binance, Coinbase, or Kraken. Despite its absence from these major exchanges, community sentiment around $ATH remains extremely high. According to recent data, 90% of community members are bullish on $ATH, while only 10% are bearish.