{"id":354981,"date":"2024-09-24T15:53:12","date_gmt":"2024-09-24T10:23:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/arthur-hayes-buys-more-aethir-ath-price-may-rally-to-1-crypto-news\/"},"modified":"2024-09-24T15:56:19","modified_gmt":"2024-09-24T10:26:19","slug":"arthur-hayes-buys-more-aethir-ath-price-may-rally-to-1-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/arthur-hayes-buys-more-aethir-ath-price-may-rally-to-1-crypto-news\/","title":{"rendered":"Arthur Hayes Buys More Aethir, ATH Price May Rally to $1? – Crypto News"},"content":{"rendered":"

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BitMEX co-founder Arthur Hayes has once again made global headlines with a remarkable shift in his trading strategies. As per on-chain data, the co-founder heavily accumulated Aethir (ATH), shifting his focus from PENDLE. This strategic mover has echoed optimism for ATH price ahead, whilst it\u2019s also worth noting that the coin is up 19% in the past week.<\/p>\n

BitMEX Co-founder Arthur Hayes Projects Optimism On Aethir (ATH)<\/h2>\n

According to on-chain transaction data streamlined by Spotonchain on September 24, Arthur Hayes accumulated 30.89 million ATH, worth $1.92 million, from the CEX Bybit. Notably, this accumulation by the wallet address \u20180xa86\u2019 is the co-founder\u2019s largest single ATH accumulation to date.<\/p>\n

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Per the data, Hayes withdrew a whopping 47.37 million ATH, worth $2.94 million, from the top crypto exchanges<\/a> Bybit, OKX, and KuCoin over the past two days. These accumulations have added the BitMEX founder\u2019s Aethir holdings to a total of 93.15 million coins, worth $5.97 million. The massive holding indicates a strong sense of confidence in the asset\u2019s potential to offer gains in the future.<\/p>\n

Meanwhile, it\u2019s also worth noting that these accumulations portray Arther Hayes\u2019 shift of focus from the token PENDLE amid recent market trends. CoinGape Media previously reported that Arthur Hayes sold PENDLE to sack ATH<\/a>, diversifying his portfolio amid Aethir\u2019s recent rise and concerns orbiting PENDLE\u2019s future performance.<\/p>\n

How Are ATH & PENDLE Performing?<\/h2>\n

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Intriguingly, ATH price today witnessed a pullback, slipping nearly 4% in the past 24 hours to $0.06374. The coin\u2019s intraday low and high were recorded as $0.06114 and $0.06774, respectively. Nevertheless, the token\u2019s weekly chart illustrated gains worth 19%.<\/p>\n

On the other hand, PENDLE price<\/a> today gained roughly 6% to $4.19. Its intraday low and high were $3.86 and $4.13, respectively. Notably, PENDLE\u2019s weekly charts showcase gains worth 25%. These price movements, collectively, have sparked converse speculations among market watchers.<\/p>\n

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While Arthur Hayes\u2019 ATH accumulations glimmer optimism for the coin\u2019s price action ahead, PENDLE price also seems to be on a considerable upside movement. This chronicle has added a layer of intrigue to the BitMEX co-founder\u2019s shift in trading strategies. Crypto market enthusiasts speculate whether ATH price can reach $1 ahead as the massive accumulation ignites hope for future price movements.<\/p>\n

Besides, Coinglass data<\/a> illustrated that ATH Futures OI bounced back up as the worst month for risk assets, September, comes to a close. As of writing, the futures OI rested at $27 million. This data has further weighed the scale towards the bullish side for Aethir\u2019s future price movements alongside Arthur Hayes\u2019 buying spree.<\/p>\n

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