Arthur Hayes Buys $4M Worth of Aethir (ATH) After PENDLE Selloff

After promoting tens of millions of {dollars} value of PENDLE tokens, Arthur Hayes, the ex-CEO and co-founder of BitMEX, bought a major quantity of Aethir (ATH) tokens from centralized exchanges (CEXs). On September 23, 2024, the on-chain analytics firm launched TheDataNerd posted on X (previously Twitter) that Hayes had bought 14.55 million ATH tokens, value $951K, from ByBit and OKX.

Arthur Hayes’ large wager on Aethir (ATH)

Moreover, the analytics agency additionally acknowledged that Hayes has amassed a major 62.258 million ATH tokens over the previous month, value $4.08 million at a mean worth of $0.0655. Aethir is growing a scalable decentralized cloud infrastructure (DCI) for gaming and AI.

Once I seen Arthur Hayes’ curiosity in ATH tokens, Aethir posted on

Aethir (ATH) Present worth momentum

After this large buy, ATH is presently buying and selling round $0.0642 and has skilled a worth improve of over 2.5% within the final 24 hours. Throughout the identical interval, buying and selling quantity decreased by 8%, indicating decrease participation, possible because of the low market capitalization. In keeping with Coinmarketcap information, the present market cap of ATH is $260 million, with a complete provide of 42 billion ATH tokens.

Technical evaluation and upcoming ranges

In keeping with skilled technical evaluation, ATH appears bullish and is presently retesting its breakout degree of $0.0617, which occurred on September 22, 2024. If ATH efficiently holds this breakout degree, there’s a excessive risk that it might rise by 38% to succeed in $0.089. degree within the coming days.

Nevertheless, this token shouldn’t be out there on Binance, Coinbase or Kraken. Regardless of his absence from these main exchanges, the sense of neighborhood round ATH stays extraordinarily excessive. In keeping with current information, 90% of neighborhood members are bullish on ATH, whereas solely 10% are bearish.