🚀 Arthur Hayes Makes a Bold Move with Aethir (ATH)
Arthur Hayes, the former co-founder and CEO of BitMEX, has made headlines for his recent actions in the cryptocurrency market. Following the sale of PENDLE tokens worth millions, he turned his attention to Aethir (ATH) tokens, making significant purchases from centralized exchanges (CEXs). On September 23, 2024, an analytics firm known for on-chain insights, TheDataNerd, reported on X (formerly Twitter) that Hayes acquired 14.55 million ATH tokens valued at approximately $951,000 from platforms like ByBit and OKX.
📈 Aethir (ATH) Accumulation by Hayes
In addition to this considerable investment, data analytics revealed that over the past month, Hayes has amassed an impressive total of 62.258 million ATH tokens, amounting to a value of $4.08 million, with an average purchase price of $0.0655. Aethir is focused on creating a sophisticated decentralized cloud infrastructure (DCI) catering to gaming and AI applications.
The attention Hayes has garnered has not gone unnoticed. Aethir communicated their excitement about his endorsement via a post on X, stating, “Glad to see Hayes sharing positive sentiments about what we’re building at Aethir.”
💹 Current Price Trends of Aethir (ATH)
In the wake of Hayes’ substantial acquisition, Aethir (ATH) is currently trading at approximately $0.0642, registering a price increase exceeding 2.5% over the past 24 hours. Meanwhile, its trading volume has fallen by 8%, suggesting a dip in market engagement, likely attributed to its modest market capitalization. According to available market data, ATH boasts a market cap of $260 million along with a total supply hitting 42 billion ATH tokens.
🔍 Technical Overview and Future Price Predictions
An examination of the technical landscape indicates a bullish trend for ATH, as it appears to be in the process of re-establishing its breakout level of $0.0617, achieved on September 22, 2024. Should ATH manage to maintain this breakout point, there exists a strong potential for a price rally of up to 38%, potentially reaching the $0.089 mark in the near future.
It’s pertinent to note that ATH is not listed on major exchanges like Binance, Coinbase, or Kraken. Despite this, community sentiment regarding ATH remains notably positive. Recent surveys indicate that approximately 90% of the community members hold a bullish outlook on ATH, while only 10% adopt a bearish perspective.
🔥 Hot Take: The Future of Aethir in the Crypto Space
The investment by Arthur Hayes in Aethir reflects a broader confidence in the potential of decentralized infrastructures, especially as they pertain to emerging technologies like gaming and artificial intelligence. The ongoing support from the community amplifies this sentiment, positioning Aethir as a noteworthy project in the cryptocurrency landscape. As its development progresses and market interest grows, ATH may very well capture additional attention and investment as it seeks to redefine decentralized cloud solutions.
Source: TheDataNerd, Aethir
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