PANews reported on August 10 that according to on-chain analyst Ember's monitoring, BitMEX co-founder Arthur Hayes transferred 14.8 million USDC to exchanges and multiple institutional business platforms after saying yesterday that he would buy back ETH.

In the past two hours, $6.85 million in assets have been received: 1,250 ETH ($5.29 million), 424,000 LDO ($550,000), 420,000 ETHFI ($510,000), and 92,000 PENDLE ($500,000). Arthur Hayes previously believed on August 2nd that BTC would fall back to $100,000 and ETH to $3,000, and therefore sold ETH and ETH ecosystem tokens he had purchased in July. These included ENA, AAVE, LDO, ETHFI, and PEPE. ETH was sold at $3,506.