Arthur Hayes Accumulates $16.5 Million in Altcoins Amid Market Surge
Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom fund, has been acquiring altcoins amid positive market sentiment.
- Hayes transferred approximately $16.5 million in USDC to exchanges such as Binance and Kraken.
- He purchased 1,750 Ethereum for $7.43 million and 184,610 Pendle for $1.02 million.
- Additional purchases included $556,570 worth of Lido DAO and $526,600 worth of Ether.fi.
- Received 10 Ethena tokens from Wintermute and $3.4 million in USDC.
- Last month, he predicted an “ultra bullish” altseason coinciding with Bitcoin's rise above $110,000.
- The decentralized finance total value locked (TVL) reached April 2021 highs, surpassing $150 billion.
- The global crypto market cap hit an all-time high of $4.06 trillion.
- Market sentiment is currently in the greed zone, suggesting potential volatility for altcoins due to increased liquidity.