After selling millions of dollars worth of PENDLE tokens, Arthur Hayes, former CEO and co-founder of BitMEX, purchased a significant amount of Aethir (ATH) tokens on a centralized exchange (CEX). On September 23, 2024, on-chain analytics firm TheDataNerd posted to X (formerly Twitter) that Hayes had purchased 14.55 million ATH tokens (worth $951,000) from ByBit and OKX.
Arthur Hayes’ Big Bet on Aethir (ATH)
The analytics firm also revealed that Hayes had accumulated a significant amount of ATH tokens last month, 62.258 million, worth $4.08 million at an average price of $0.0655. Aethir is developing a scalable decentralized cloud infrastructure (DCI) for gaming and AI.
Aethir noticed Arthur Hayes’ interest in the ATH token and posted to X, “It’s great to see Hayes sharing such positive sentiments about what we’re building at Aethir.”
Aethir (ATH) Current Price Momentum
After this massive buy, ATH is currently trading around $0.0642 and has seen a price surge of over 2.5% in the last 24 hours. During the same period, volume has dropped by 8%, indicating lower participation, which is likely due to the lower market cap. According to coinmarketcap data, ATH currently has a market cap of $260m and a total supply of 42 billion ATH tokens.
Technical Analysis and Upcoming Levels
According to the technical analysis of experts, the ATH looks bullish and is currently retesting the breakout level of $0.0617 that occurred on September 22, 2024. If the ATH successfully holds this breakout level, there is a high possibility of a 38% surge to $0.089 level in the coming days.
However, this token is not available on Binance, Coinbase, and Kraken. Despite the absence of this token on these major exchanges, the community sentiment towards ATH is still very high. According to recent data, 90% of the community members are bullish on ATH, while only 10% are bearish.