According to TechFlow, on October 18, according to the monitoring of on-chain analyst Yu Jin, Arthur Hayes, the founder of BitMEX, bought 116.6 million ATHs (US$7.62 million) at an average price of US$0.065 after selling PENDLE in September. One hour ago, he transferred out 41 million ATHs (US$2.18 million): 36 million of them entered Bybit and 5 million entered OKX.

Now the ATH price is US$0.053, which means that the 41 million ATHs he transferred out will realize a loss of US$490,000.