Arthur Hayes Accelerates Altcoin Purchases, Betting Big in the Crypto Market
Main Idea
Arthur Hayes, co-founder of BitMEX and CIO of the Maelstrom fund, has significantly increased his altcoin purchases, transferring millions in USDC to exchanges and acquiring various altcoins, signaling strong market activity and liquidity growth.
Key Points
1. Arthur Hayes transferred approximately 16.5 million USDC to major exchanges and an unknown address for altcoin purchases.
2. He spent $7.43 million on 1,750 ETH and $1.02 million on 184,610 Pendle coins, along with investments in Lido DAO (LDO) and Ether.fi (ETHFI).
3. The transfers involved diverse avenues, including exchanges like Binance and Kraken, as well as institutional liquidity providers.
4. The total locked value in decentralized finance surged past $150 billion, reaching levels similar to April 2021.
5. The crypto market valuation entered the 'greed' zone, indicating rising liquidity and expectations for increased volatility.
Description
Arthur Hayes rapidly ramps up altcoin purchases amid market optimism. His acquisitions include Ethereum, Pendle, Lido DAO, and Ether.fi. Continue Reading: Arthur Hayes Accelerates Altcoin Purchases, Betting Big in the Crypto Market The post Arthur Hayes Accelerates Altcoin Purchases, Betting Big in the Crypto Market appeared first on COINTURK NEWS .
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