Prominent cryptocurrency investor and former BitMEX CEO, Arthur Hayes, continues to make significant waves in the crypto market. Recently, he caught attention by withdrawing 30.89 million Aethir (ATH), valued at approximately 1.92 million dollars, from the Bybit exchange. Over the past two days, Hayes has been in the spotlight due to multiple ATH withdrawal transactions across various exchanges.
### Hayes Withdraws 47.37 Million ATH from Exchanges
According to Spot On Chain, Hayes has taken out a total of 47.37 million ATH from Bybit, OKX, and KuCoin within the last two days, with the total value of these transactions amounting to around 2.94 million dollars.
These significant withdrawal actions by the well-known cryptocurrency investor reflect his confidence in the altcoin and hint at potential investment strategies. Such considerable transactions in the crypto landscape attract the attention of traders and can lead to substantial market shifts.
### Total ATH Holdings Reach 93.15 Million
At present, Hayes boasts a total of 93.15 million ATH in his wallet, which equates to roughly 5.79 million dollars. This figure marks Hayes’ largest accumulation of ATH coins to date. Current data reveals that he is experiencing an unrealized loss of 207 thousand dollars in this altcoin.
Hayes’ persistent investments in ATH could spark heightened interest in the cryptocurrency market and possibly drive price increases. Market analysts are actively discussing the intentions behind his strategy and its potential implications for the market.
Recent statistics indicate that Aethir’s primary asset, the ATH coin, is currently trading at 0.06306 dollars, representing a 3.93 percent decrease over the last 24 hours. With a market capitalization of 255.8 million dollars, it holds the 222nd position in rankings. Furthermore, the all-time high for this altcoin was recorded at 0.1059 dollars on June 13, 2024, indicating that it is currently trading 40 percent below that peak.
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**Disclaimer:**
The content of this article does not serve as investment advice. Investors should be aware that cryptocurrencies are highly volatile and come with significant risks; therefore, conducting personal research is essential.
