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Arthur Hayes Transfers Three Million USD Coin to Flowdesk, Galaxy Digital

About two weeks earlier, Hayes sold multiple altcoins worth at least $49.25 million and said he would wait for prices to fall before buying again.

Mentioned assets
An unmarked metal token rests between two empty steel trays / TokenPost.ai
An unmarked metal token rests between two empty steel trays / TokenPost.ai

A combined transfer of three million USD Coin (USDC) from BitMEX co-founder Arthur Hayes to Flowdesk and Galaxy Digital took place on Nov. 12, about two weeks after a major altcoin sale.

Hayes is also CEO of Flop Labs. He sold multiple altcoins worth at least $49.25 million about two weeks earlier and said he would wait for prices to fall enough before buying again.

The tokens Hayes sold were broadly 15% to 30% below their sale prices.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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