Arthur Hayes, the co-founder of BitMEX, has executed crypto transactions worth $3.52 million involving ATH, the native token of the Aethir network, and Ethereum (ETH).
According to data from the on-chain analytics platform Lookonchain, Hayes moved 32.95 million ATH tokens, valued at $1.95 million, and 500 ETH, worth approximately $1.57 million. The BitMEX co-founder moved these tokens to the Bybit crypto exchange, highlighting his active participation in the crypto space.
Arthur Hayes(@CryptoHayes) transferred 32.95M $ATH($1.95M) and 500 $ETH($1.57M) out in the past 30 minutes, of which 2.95M $ATH($175K) was deposited into #Bybit.https://t.co/loeYKUb9rN pic.twitter.com/pav7Xup7p9
— Lookonchain (@lookonchain) November 21, 2024
Breakdown of the Transactions
After depositing 2.95 million ATH tokens into Bybit, Hayes also transferred 30 million ATH tokens worth $1.78 million to an unknown wallet. Meanwhile, he moved the 500 ETH (worth $1.57 million) to another anonymous address.
Notably, these transactions occurred within a short time frame, suggesting that Hayes timed the transactions for a specific purpose. Recall that the crypto exchange co-founder invested $1 million in PEPE two months ago.
Moreover, there has been an increase in ATH holders following Aethir’s partnership with LayerZero. By providing multichain support, this collaboration seeks to improve LayerZero’s decentralized cloud solutions for users in the gaming and artificial intelligence sectors.
Aethir’s DePIN stack will help facilitate a switch to the Sophon ZK chain. LayerZero’s technology makes it simple to move data between blockchains and allows smart contracts to run on several blockchains.
LayerZero’s transport layer offers censorship-resistant information and a permission-less layer development system. It creates interconnected blockchain meshes, enabling the sending of cross-chain messages with complete security control.
This feature will be crucial for Aethir as it expands its multichain ecosystem.
In-Demand GPU Infrastructures
With more than 43,000 GPUs worldwide, including state-of-the-art NVIDIA H100s, Aethir’s GPU infrastructure has become helpful for demanding AI calculations and gaming workloads. In addition, Aethir’s liquidity protocol, Stargate, will soon allow smooth cross-chain activities with LayerZero’s omnichain technology.
These initiatives demonstrate Aethir’s crucial role in creating a robust multichain environment for the decentralized AI and crypto gaming sector. Stargate has incorporated multiple staking, farming, liquidity options, unified liquidity pools, and instant finality.
These integrations transform Aethir’s GPU architecture into a multichain future by allowing direct access to AI and gaming workloads across several chains. Hayes’ action coincides with ATH’s price gain of 0.3% within the last day and 6.4% in the past week. The token currently trades at $0.06006 per CoinGecko data.
ATH’s 24-hour Price Chart. | Source: CoinGecko