Arthur Hayes Continues Dumping $ATH Holdings at a Loss Despite Aethir's LayerZero Integration

Renowned crypto investor Arthur Hayes has been actively selling his $ATH holdings, even at a loss. An hour ago, Hayes transferred 2.951 million $ATH

Renowned crypto investor Arthur Hayes continues to sell his $ATH holdings, even at a loss, as observed by Spot On Chain. An hour ago, Hayes transferred 2.951 million $ATH (valued at $174,000) to Bybit and sent an additional 30 million $ATH (worth $1.77 million) to wallet 0x75b, likely bound for exchanges such as Bybit and OKX.

Hayes’ sell-off began on October 18, with an average sell price of $0.0546, resulting in an estimated loss of $948,000 (a 12.5% decline) compared to his average buy price of $0.065. Currently, Hayes retains 37.91 million $ATH (valued at $2.24 million) across two wallets.

This development comes as Aethir's $ATH token has gained attention for its recent integration with LayerZero, an omnichain messaging protocol. This collaboration introduces omnichain capabilities to Aethir's ecosystem and supports its development on the Sophon ZK chain.

Aethir's native token, $ATH, has announced its integration with LayerZero, a protocol that enables cross-chain messaging. This integration will bring omnichain features to the Aethir ecosystem and support its development on the Sophon ZK chain.

The integration allows $ATH to operate as an omnichain asset, making it native to multiple blockchains simultaneously. This advancement aligns with Aethir's mission to provide scalable, decentralized cloud infrastructure tailored for gaming and AI applications.

Hayes’ substantial sell-off is likely part of a strategic realignment, potentially influenced by market conditions or portfolio restructuring. However, Aethir's recent technical developments, including the LayerZero integration, highlight the project's commitment to innovation and scalability in decentralized cloud solutions.

While Hayes' exit might introduce temporary pressure on $ATH's price, the integration could boost long-term adoption and utility, attracting new investors and strengthening Aethir's position in the blockchain ecosystem.