It has been claimed that BitMEX co-founder Arthur Hayes offered 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 means of OTC transactions over the previous two weeks at a median worth of $1,916. Nonetheless, an handle 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 circulation prompt that the transferred Ethereum was almost definitely offered.
Assuming Hayes offered 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 lately offered $658,000 value of SYN and $248,000 value of ENA.
BitMEX, the cryptocurrency alternate based by Hayes, lately introduced its determination to completely shut down.
*This isn’t funding recommendation.
