Arthur Hayes Invests Heavily in Altcoins, Capitalizing on Market Optimism

Arthur Hayes, co-founder of BitMEX and Chief Investment Officer of the Maelstrom fund, has significantly increased his exposure to the altcoin market. In a single day, he made substantial transfers of over $16 million USDC across various exchanges and anonymous addresses, demonstrating a strategic allocation towards high-growth potential coins. The investments include $7.43 million for 1,750 ETH and $1.02 million for 184,610 Pendle coins, while also allocating funds to Lido DAO (LDO) and Ether.fi (ETHFI). Hayes’s strategy involves diversifying across various exchanges and liquidity providers, as evidenced by Arkham’s data highlighting significant outflows of USDC towards Binance and Kraken.