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BitMEX Co-Founder Arthur Hayes Transfers $239K in LDO to Wintermute

According to Onchain Lens, Hayes moved 320,000 LDO tokens to Wintermute and sold various crypto assets worth $7.4 million over two days.

ETH
UNI
LDO

Summary

Onchain Lens reported that Arthur Hayes, co-founder of BitMEX, transferred 320,000 Lido DAO Tokens (LDO) valued at about $238,000 to crypto market maker Wintermute. Over the past two days, Hayes sold Ethereum (ETH), Ethena (ENA), Lido DAO (LDO), Aave (AAVE), Uniswap (UNI), and Ether.fi (ETHFI) for a combined $7.4 million.

Terms & Concepts
  • LDO (Lido DAO Token): The governance token for Lido, a platform for staking crypto to earn rewards.
  • Wintermute: A crypto market-making firm providing liquidity across centralized and decentralized exchanges.