According to Golden Finance, on-chain analyst Ember Monitor revealed that BitMEX founder Arthur Hayes, after selling 1.59 million PENDLE tokens (worth $5.61 million) over the past two days, has continued to invest in ATH. Just an hour and a half ago, he received 8.48 million ATH tokens (worth $510,000) from the market-making/OTC platform Flowdesk.

Since August 15th, Arthur Hayes has withdrawn a total of 54.26 million ATH tokens (worth $3.61 million) from OKX, Bybit, and Flowdesk, averaging $0.066 per token. His fund, Maelstrom, is itself an investor in Aethir (ATH). It's possible these purchases are intended for "marketing" purposes. Arthur Hayes's investments in altcoins seem to have a "counter-indicator" effect: PENDLE surged by 23% immediately after his sale.