Arthur Hayes Buys $4M Worth of Aethir (ATH) After PENDLE Selloff
After selling millions of dollars of PENDLE tokens, former CEO and founder of BitMEX, Arthur Hayes, bought a large amount of Aethir (ATH) tokens from Central Exchanges (CEXs). On September 23, 2024, on-chain analytics firm TheDataNerd bought 14.55 million ATH tokens worth $951,000 from Bibit and OKX via X (formerly Twitter).
Arthur Hayes' Big Bet on Ether (ATH)
Additionally, the analytics firm also noted that over the past month, Hayes has accumulated 62.258 million ATH tokens at an average price of $0.0655 worth of $4.08 million. Aether is building a scalable decentralized cloud infrastructure (DCI) for gaming and AI.
Commenting on the interest in ATH tokens, Arthur Hayes, Aether, posted on X, “I'm excited to see Hayes share positive sentiments about what we're building at Aether.
Aethir (ATH) current price momentum
Following this massive purchase, ATH is currently trading around $0.0642 and has seen a price increase of over 2.5% in the last 24 hours. During the same period, transaction volume fell by 8 percent, indicating lower participation rates, which may be lower in the market. According to coinmarketcap data, ATH's current market cap is $260 million, with a total supply of 42 billion ATH tokens.
Technical analysis and upcoming levels
According to expert technical analysis, ATH seems overvalued and is currently testing the $0.0617 breakout level that occurred on September 22, 2024. level in the coming days.
However, this token is not available on Binance, Coinbase or Kraken. Despite the absence of these major exchanges, the sense of community around ATH is extremely high. According to recent data, 90% of community members are bullies on ATH and only 10% are brave.
