BitMEX co-founder Arthur Hayes, one of the most recognizable figures in the cryptocurrency world, made headlines again today with his on-chain transactions. Hayes's rapid sale of a large amount of altcoins has attracted attention in the market. According to Onchain data, Hayes reduced his positions by transferring 520 ETH (~$1.66 million), 2.624 million ENA (~$730,000), and 132,000 ETHFI (~$120,000) of his holdings to institutional trading platforms such as Flowdesk, FalconX, and Wintermute in the morning hours. Related News: Billionaire Investor Ron Baron Says “Inflation Halves the Value of Money in 15 Years,” Shares His Thoughts on Bitcoin About an hour later, Hayes reduced his portfolio even further with a new wave of selling. In the latest sale: 260 ETH (~$820,000) 2.40 million ENA (~$657,000) 640,000 LDO (~$480,000) 1,630 AAVE (~$290,000) A total of approximately $2.45 million worth of crypto assets were liquidated, including 28,670 UNI (~$211K). Hayes has been known to speak highly of the Zcash (ZEC) altcoin recently, but it is unknown how much ZEC he holds or whether he has sold any. *This is not investment advice. Continue Reading: Controversial Figure Arthur Hayes Conducted a Major Dump Operation on His Altcoins Today – Here Are the Sales
