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Arthur Hayes Acquires 1,630 AAVE Tokens for $375K in USDC

Arthur Hayes Acquires 1,630 AAVE Tokens for $375K in USDC

According to Lookonchain data, Arthur Hayes recently bought 1,630 AAVE tokens now valued at $442,000, reflecting his ongoing interest in decentralized finance and lending protocols.

USDC
AAVE

Fact Check
The statement is directly and precisely confirmed by evidence from Bitget News, which cites the on-chain analysis platform Lookonchain. This source states that Arthur Hayes bought 1,630 AAVE tokens for 374,999 USDC. Other provided sources discuss different, larger purchases by Hayes, which do not contradict this specific transaction.
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Summary

Arthur Hayes, co-founder of BitMEX, purchased 1,630 AAVE tokens, which are currently valued at $442,000 based on on-chain data from Lookonchain. The transaction highlights Hayes’ continued involvement in decentralized finance and signals confidence in AAVE’s lending protocol.

Terms & Concepts
  • AAVE: AAVE is a decentralized finance (DeFi) protocol that enables users to lend and borrow cryptocurrencies without intermediaries.
  • USDC: USD Coin (USDC) is a stablecoin pegged to the U.S. dollar, providing a digital dollar for blockchain-based transactions.