Pendle

Arbitrum

Arthur

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 $3.2 million after the sale.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Arthur Hayes(<a href="https://twitter.com/CryptoHayes?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@CryptoHayes</a>) unstaked all 237,672.8 <a href="https://twitter.com/search?q=%24GMX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GMX</a>($9.7M) and transferred it to <a href="https://twitter.com/hashtag/WintermuteTrading?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#WintermuteTrading</a>, possibly selling <a href="https://twitter.com/search?q=%24GMX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GMX</a> by <a href="https://twitter.com/hashtag/WintermuteTrading?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#WintermuteTrading</a>.
 His average cost of buying <a href="https://twitter.com/search?q=%24GMX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GMX</a> is ~$29.74, and he will make ~$3.2M after selling.<a href="https://t.co/kMs7HWy115" rel="noopener noreferrer nofollow">https://t.co/kMs7HWy115</a> <a href="https://t.co/d6pyFSdx7J" rel="noopener noreferrer nofollow">pic.twitter.com/d6pyFSdx7J</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1777168274809397263?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a>
</blockquote>
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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.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitmex-former-ceo-arthur-hayes-sells-this-altcoin-earns-3-2-million-which-altcoins-are-left-in-your-portfolio/" rel="noopener noreferrer nofollow">BitMEX Former CEO Arthur Hayes Sells This Altcoin, Earns $3.2 Million! Which Altcoins Are Left in Your Portfolio?</a>

BitMEX Former CEO Arthur Hayes Sells This Altcoin, Earns $3.2 Million! Which Altcoins Are Left in Your Portfolio?

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