A new move came from BitMEX former CEO Arthur Hayes, who made a name for himself with his 1 million Bitcoin target and record predictions for altcoins.
At this point, Hayes sold the altcoin called GMX.
BitMEX founder Arthur Hayes has become the number one personal address holding GMX since 2022. According to Lookonchain's post, Hayes transferred all his GMX ($9.7 million) to Wintwermute Trading today.
Considering that this newly created address belongs to Wintermute, Lookonchain stated that Hayes' average GMX cost is $29.74.
Hayes could make around $3.2 million after the sale.
Arthur Hayes(@CryptoHayes) unstaked all 237,672.8 $GMX($9.7M) and transferred it to #WintermuteTrading, possibly selling $GMX by #WintermuteTrading.
His average cost of buying $GMX is ~$29.74, and he will make ~$3.2M after selling.https://t.co/kMs7HWy115 pic.twitter.com/d6pyFSdx7J
— Lookonchain (@lookonchain) April 8, 2024
While Hayes divested GMX, his portfolio continues to include many altcoins such as Ethereum (ETH), Arbitrum (ARB), and Pendle (PENDLE).
*This is not investment advice.
