Arthur Hayes, who sold Ether, made 4 altcoin purchases: Preferring the same tokens
Recently, Arthur Hayes, who sold Ether and announced that they would switch to DeFi coins in the Maelstrom fund, made 4 altcoin purchases. Hayes had sold approximately 5.5 million dollars worth of ETH in the last 2 weeks.
Based on general consensus and past statements, the 4 altcoins that he is likely to prefer and add to his fund (Maelstrom) could be:
$PENDLE (PENDLE): A project that Hayes has repeatedly spoken positively about and referred to as "Pendle Maxi." A DeFi protocol that tokenizes income-generating and fixed-income (yield) strategies. It is by far a favorite for him.
$GMX (GMX): A decentralized spot and futures exchange on Arbitrum and Avalanche. Hayes praised GMX's tokenomic model and the protocol's decentralized structure.
$ENA (ENA): A project that Hayes described as a "killer application," which issues a synthetic stablecoin pegged to the US Dollar called USDe. USDe aims to challenge the traditional financial system with the "Internet Bond" concept. Hayes has great faith in Ethena.
#Fraxtal (FXS) / Frax Finance: A partially collateralized algorithmic stablecoin ecosystem. Hayes had supported the innovative approach of the FRAX stablecoin and the Fraxtal L2 network.
The above list is an estimate based on Hayes's overall strategy, past comments, and the publicly available assets of the Maelstrom fund. After the 5.5 million dollars worth of ETH sales in the last two weeks, it cannot be fully verified which 4 altcoins he purchased since personal wallet transactions are not public.
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