Hayes don deploy $6.85M USDC to buy Ethereum, LDO, ETHFI & Pendle
For July, de former BitMEX co-founder Arthur Hayes don sell 2,373 ETH plus some DeFi tokens for average price of $3,507 per coin. Early August, e predict say Ethereum go drop reach $3,000. For August 10 and also few hours ago, Hayes transfer 14.8 million USDC go exchanges, use about $6.85 million USDC grab 1,250 ETH (~$5.3 M), 424,000 LDO (~$550 K), 420,000 ETHFI (~$510 K) and 92,000 Pendle (~$500 K) inside two hours, plus more than 10.5 million USDC for extra Ethereum buy. This sharp reaccumulation show say big whales get fresh confidence for Ethereum and DeFi tokens. Traders suppose dey watch USDC inflow plus whale moves as sign say Ethereum momentum go strong.
Bullish
How Arthur Hayes change comot sell 2,373 ETH and DeFi tokens come dey put over $6.85 million USDC for Ethereum and related DeFi assets shows say di whale get strong belief. Dis kain collecting again after bearish prediction mean say institutional people dey interested and e dey put more pressure for better price for Ethereum. For short time, big USDC wey come in and focused buy orders fit make the price waka up. For long run, as di whale still dey confident and dey buy Ethereum again and again, e go support steady demand and good market feeling.