BitMEX Co-Founder Arthur Hayes Buys $2.9M Worth of ATH

IconCryptoNewsTerminal Staff15 Aug, 2024

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BitMEX Co-Founder Arthur Hayes Buys $2.9M Worth of ATH

On-chain data analytics provider Lookonchain announced via tweet that "BitMEX co-founder Arthur Hayes bought 41 million ATH ($2.89 million) across OKX, HTX, Bybit, and Kucoin." This news is particularly significant given Hayes' reputation as an early proponent and vocal supporter of cryptocurrencies. Hayes's purchase suggests he remains optimistic about the long-term prospects of ATH, a token native to the Audius music-streaming platform. It is worth noting that this recent acquisition by Hayes is just a drop in the bucket compared to his overall portfolio, as he previously claimed to hold over $500 million worth of crypto assets.

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