On-chain analytics provider Lookonchain revealed that BitMEX founder Arthur Hayes has been aggressively accumulating ATH tokens in recent weeks, signaling his bullish outlook on the project. According to the analysis, Hayes purchased 23.48 million ATH ($1.5 million) in a single transaction just an hour before the analysis was conducted. This latest purchase brings Hayes' total ATH holdings to 116.63 million tokens, worth approximately $7.5 million. Notably, these purchases were made at an average entry price of $0.0645, indicating that Hayes has been accumulating at a discounted price. Hayes' bullish stance on ATH is significant given his track record as a successful crypto investor and entrepreneur. As the founder of one of the world's largest crypto exchanges, Hayes has a deep understanding of the cryptocurrency market and its potential. His decision to accumulate such a large amount of ATH suggests that he believes the project has strong fundamentals and long-term growth prospects. The recent market downturn has presented opportunities for savvy investors to accumulate high-potential crypto assets at discounted prices. Hayes' latest purchase of ATH demonstrates his belief in the value of the project and its potential to recover and thrive in the future.