BitMEX Co-Founder Arthur Hayes Deposits 2.468 Million ETHFI on Binance

Arthur Hayes' recent deposit of 2.468 million ETHFI on Binance highlights his trading acumen, netting a profit of $1 million from strategic market engagement.

ETHFI

Summary

Arthur Hayes, co-founder of BitMEX, has deposited 2.468 million ETHFI, valued at approximately $2.21 million, into Binance and Galaxy Digital, realizing a profit of $1 million. The ETHFI tokens were initially purchased at $0.50 each in April, and Hayes transferred them today at a price of $0.89 per token.

Terms & Concepts
  • ETHFI: A cryptocurrency or token associated with Ethereum, utilized in various trading and investment strategies.
  • Binance: A leading global cryptocurrency exchange that facilitates the trading of various digital assets.
  • on-chain analysis: The process of examining blockchain data to derive insights about transactions, addresses, and market trends.