Arthur Hayes' Altcoin Transfer Worries Investors

According to the latest on-chain data, there has been a significant development that has caught the attention of cryptocurrency investors. Arthur Hayes transferred a total of 36.88 million ONDO (approximately $37.56 million) worth of assets to his Bybit account in the last month. The development sparked speculation in the market and prompted investors to keep a closer eye on the ONDO price.

Blockchain analytics platform Lookonchain noted that 10 hours ago, the majority of 26.28 million ONDO (approximately $24.7 million) sent to exchanges from a Gnosis Safe Proxy wallet was transferred to Arthur Hayes's Bybit wallet. Of that transfer, 6.57 million ONDO (approximately $6.19 million) went directly into Hayes' wallet. Arthur Hayes, one of the leading figures in the crypto market, has been attracting attention for his actions.

The large ONDO transfers directed to Hayes' Bybit wallet have raised some questions in the minds of investors. The stock market activity and the transfer of such a large amount of assets raised comments among investors that a possible selling pressure could come. This could cause fluctuations in the price of the ONDO token in the cryptocurrency market.

As a result, it is critical for investors to pay attention to the fluctuations in the ONDO price and the movements of Arthur Hayes. In particular, the delivery of such assets to the stock exchange may directly affect market sentiment. Monitoring such developments can provide a strategic advantage for investors.