Arthur Hayes Re-enters ETHFI Before Upbit Listing
- Arthur Hayes received 132,730 ETHFI tokens valued at $72,800 from Anchorage Digital at $0.55.
- This transaction occurred five hours before Upbit announced ETHFI’s KRW market listing scheduled for March 19.
- Hayes previously transferred out over $1 million worth of ETHFI tokens at an average price of $0.47 a month ago.
- Following the Upbit announcement, ETHFI’s price jumped to $0.60 after trading as low as $0.54 earlier in the day.
- ETHFI’s market cap is approximately $469 million, with a Total Value Locked (TVL) of $5.85 billion.
The KRW market listing on Upbit is a significant event that often leads to increased volatility and interest from retail traders in South Korea, making Hayes’s timing noteworthy.
Hayes’s recent accumulation of ETHFI tokens suggests a strategic position adjustment ahead of the exchange listing, reflecting his ongoing interest in the token despite previous large-scale offloading.(Source)
