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Arthur Hayes, co-founder of BitMEX and CEO of Flop Labs, appears to have sold $22.28 million worth of altcoins, according to a Lookonchain analysis.
On-chain records show Hayes made multiple deposits to OTC desks including Flowdesk, FalconX, and Wintermute today. The transfers included 6,400 ETH (about $15.2 million), 14 million ENA (about $2.76 million), 323,000 UNI (about $2.24 million), 1.89 million ETHFI (about $1.23 million), 546,609 AERO (about $398,000), 120,000 PENDLE (about $244,000), and 3 million ZAMA (about $214,000). Deposits to exchanges are generally seen as intended for selling.