In a recent Twitter thread posted by lookonchain, the cryptocurrency holdings of Arthur Hayes were unveiled. Hayes, the co-founder of BitMEX, has been an influential figure in the crypto space. The thread highlighted the tokens held by Hayes across two addresses, shedding light on his recent investments and their performance.
At the time of the thread, Hayes was observed to hold the following tokens 6,943 ETH, 200,580 GMX ($10.72 million), 239,628 ENS ($2.25 million), 17 million LOOKS ($1.4 million), 1.96 million WILD ($966,000), 105,814 FXS ($655,000) and 266,393 SUSHI ($200,000).
The most significant hit to Hayes’ portfolio came from $LOOKS. Due to a drop in its price amid the recent SEC crackdown, the value of the 17 million $LOOKS tokens held by Hayes experienced a staggering 73% decline.Â
Considering that his buying cost was approximately $4.43 million, Hayes has faced losses amounting to around $3 million based on current prices. The downward trend of $LOOKS affected his holdings significantly, highlighting the inherent volatility of the crypto market.
Hayes’ profits
However, not all of Hayes’ investments have taken a downturn. On March 13, Hayes deposited 785,000 $LDO ($1.9 million) into #Binance when the price was around $2.48. As a result, he has realized profits of approximately $173,000 from this particular token.
The thread also mentioned a withdrawal and subsequent deposit of 591,191 $BLUR ($552,941) made by Hayes on Kraken. This transaction occurred within a span of less than a week, showcasing the dynamic nature of his crypto activities.
Arthur Hayes remains an active participant in the crypto ecosystem, engaging in various investments and transactions across multiple platforms. His holdings serve as a testament to the potential gains and losses that can be experienced within the volatile cryptocurrency market.
