Arthur Hayes’ $2M DeFi OTC Transfer of LDO & AAVE
On July 17, on-chain data revealed a $2.05M DeFi OTC transfer. Flowdesk sent 1.1253 million LDO and 3,033 AAVE tokens to a wallet linked to BitMEX co-founder Arthur Hayes. Executed off-exchange to avoid slippage, this DeFi OTC transfer underscores growing institutional demand for blue-chip Ethereum DeFi assets. AAVE trades near $325 after a 10% weekly gain, while LDO tests $0.95–$1.00 resistance following a 20% surge. Hayes’ purchase signals continued confidence in Ethereum DeFi and may fuel bullish momentum. Traders should watch AAVE’s upcoming V4 upgrade and LIDO’s staking innovations as potential catalysts. Market participants view this large-scale DeFi OTC transfer as short-term price support and a sign of deeper professional engagement.
Bullish
The $2.05M DeFi OTC transfer to Arthur Hayes’ wallet by Flowdesk highlights significant institutional demand for AAVE and LDO. By bypassing public exchanges to avoid slippage, this private transaction signals strong confidence in Ethereum DeFi. In the short term, the large buy may support price floors for both tokens. In the long term, it indicates sustained professional accumulation and could precede broader DeFi bullish momentum, especially ahead of key developments like AAVE V4 and LIDO staking innovations.