A Large Amount of Two Altcoins Was Transferred to an Address Believed to Belong to BitMEX Founder Arthur Hayes! Here Are Those Altcoins

A remarkable crypto transfer took place today to a wallet address allegedly associated with BitMEX founder Arthur Hayes, one of the leading figures in the crypto world.

$2 Million DeFi Transfer to Address Believed to Belong to Arthur Hayes

According to on-chain data, two large DeFi tokens with a total value of approximately $2.05 million were sent to this address by Flowdesk.

Transfer Details

To the address in question:

• 1.1253 million LIDO (Lido DAO tokens)
• 3,033.14 AAVE (Aave protocol token) was transferred, bringing the total market value of the transfer to over $2 million.

These tokens are among the leading DeFi projects on Ethereum and are often considered “blue-chip” DeFi assets.

The fact that the transfer came from an institutional market maker like Flowdesk suggests that the transaction may have been made through an over-the-counter (OTC) purchase.

OTC transactions are preferred to prevent price slippage, especially in high-volume crypto transfers, and are mostly used by professional investors or fund managers.

BitMEX co-founder Arthur Hayes has been known for his interest in decentralized finance (DeFi) and the Ethereum ecosystem in recent years.

This action by Hayes, who has frequently expressed his belief in the future of Ethereum in his previous statements, may indicate his continued confidence in Ethereum-based projects.

While the impact of this large-scale transfer on the market is wondered, Hayes’ new strategies are being closely watched by crypto investors.

*This is not investment advice.

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