Arthur Hayes Buys 54.26M ATH Amid Major PENDLE Transaction, Monitors Maelstrom Investments

According to COINOTAG on September 22, monitoring by EmberCN reveals that BitMEX co-founder Arthur Hayes recently liquidated 1.595 million PENDLE, equating to approximately 5.61 million USD. Following this, Hayes invested in ATH, acquiring 8.48 million ATH tokens worth around 510,000 USD from the market-making/OTC platform Flowdesk just an hour and a half ago. Hayes has cumulatively withdrawn a substantial 54.26 million ATH, roughly translating to 3.61 million USD, from exchanges including OKX, Bybit, and Flowdesk since August 15, averaging a price of 0.066 USD per token. His fund is also monitoring Maelstrom, another backer of Aethir (ATH), hinting at potential “marketing” strategies behind these transactions. Interestingly, following Hayes’ PENDLE sell-off, the token saw a 23% surge in value.