Arthur Hayes, founder of the famous crypto exchange BitMEX, announced that he sold his Solana (SOL) assets. After vacating SOL, Hayes expressed his love for ‘Archangel Vitalik’ and announced that he had started buying Ethereum. However, on-chain data shows that Hayes is focusing on two more altcoins.
Famous Trader Solana sold and concentrated on these 3 altcoins
cryptokoin.comAs you follow from , Solana has been the topic of recent days in the crypto world. SOL’s extraordinary performance at the top of the league was on the agenda of market players. However, there were also those who took this rise as an opportunity and disposed of their SOL assets. One of them was Arthur Hayes, the founder of BitMEX. Hayes gave a nod to Ethereum founder Vitalik Buterin and parted ways with SOL. On-chain analytics platform Lookonchain examined Hayes’ wallets following his statements. As a result, it was revealed that the famous trader concentrated on two altcoins.
The analytics platform notes that Hayes also trades tokens such as LDO, LOOKS, ENS and FXS. However, like Hayes Solana, he did not have any luck. Therefore, these tokens suffered losses. On the other hand, Lookonchain notes that Hayes is focusing on GMX and PENDLE. Moreover, he underlines that he is in a significant profitable position from PENDLE. In this context, Lookonchain makes the following statement:
Arthur Hayes recently acquired GMX and PENDLE. Between September 1 and December 21, he withdrew 700 thousand PENDLE ($720 thousand) from Binance at $1.03. And since March 3, 2022, it has purchased a total of 218,337 GMX ($6.5 million) from CEX and Uniswap at $29.74. So, at the current price, it’s around $3.12 million in profit.
Arthur Hayes expresses his love for ‘Archangel Vitalik’
Arthur Hayes announced that he sold his Solana (SOL) holdings and directed his investment to Ethereum (ETH). According to Hayes, this strategic shift occurred during an enlightening meditation session that pushed him to re-evaluate his portfolio and choose Ethereum over Solana. Hayes has a positive outlook on Ethereum, partly due to his admiration for the project’s co-founder, Vitalik Buterin. Moreover, he has full confidence that the ETH price will reach $ 5,000.
Known for his sharp views on the crypto world, Hayes has been a vocal supporter of Ethereum. Especially after Ethereum’s successful transition to a proof-of-stake model. Hayes says the market has yet to fully appreciate the importance of Ethereum’s successful transition. According to him, this change positions Ethereum to support a new ecosystem of innovative businesses and protocols. Regarding Solana (SOL), Hayes previously predicted that its price would approach $100. After this prediction, SOL experienced significant rallies. So much so that the altcoin reached its highest levels in 19 months.
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