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Arthur Hayes Moves Over 1.2 Million ETHFI Tokens in OTC Transactions

Arthur Hayes completes major ETHFI token transfers, including a $1.89 million sale, through Galaxy Digital and a Flowdesk-linked address shortly after ETHFI's Upbit listing.

USDC
ETHFI

Summary

Arthur Hayes, BitMEX co-founder, conducted two significant OTC sales of ETHFI tokens. He transferred 136,600 ETHFI to Galaxy Digital for 221,000 USDC and moved another 1.08 million ETHFI, worth approximately $1.89 million, to a Flowdesk-linked address following ETHFI's Upbit listing.

Terms & Concepts
  • OTC (Over-the-Counter) Sale: A transaction conducted directly between parties without going through a centralized exchange, often used for large trades to minimize market impact.
  • ETHFI: A cryptocurrency token that was the subject of recent transfers by BitMEX co-founder Arthur Hayes.
  • USDC: A U.S. dollar-pegged stablecoin used for transactions and settlements in digital asset markets.