Arthur Hayes-linked wallet bags $2M worth of AAVE and LDO in an OTC deal
The post Arthur Hayes-linked wallet bags $2M worth of AAVE and LDO in an OTC deal appeared on BitcoinEthereumNews.com.
An address possibly linked to a BitMEX co-founder has received DeFi tokens worth $2.05 million. The transaction involved 3,033 AAVE and 1.1253 million LIDO. Flowdesk sent the assets, suggesting a potential over-the-counter purchase. The altcoin narrative is gaining steam as Ethereum starts to outperform the markets. ETH, SOL, and XRP surged up to 10% in the past 24 hours while the largest cryptocurrency by value remained calm above $118,600. Amidst the shifting trends, crypto sleuths observed an interesting transaction linked to a wallet believed to be that of BitMEX co-founder Arthur Hayes. The address received 3,033.14 AAVE and 1.1253 million LIDO, worth $2.05 million, from Flowdesk, a trading company. [ETHERSCAN] Arthur Hayes Wallet Receives 1.125M LIDO and 3,033 AAVE Worth $2.05M from Flowdesk, Pointing to Potential OTC Buy of DeFi Blue Chips$LDO $AAVE $ETH pic.twitter.com/axTBv2oRZo — BecauseBitcoin.com (@BecauseBitcoin) July 17, 2025 This is more than an average transaction. The timing, size, and parties involved have triggered debates within the cryptocurrency community. Is Arthur Hayes accumulating DeFi blue chip tokens in anticipation of an imminent bull run? Flowdesk’s role suggests an OTC deal The source of the transferred assets added to the curiosity. Flowdesk is known for handling massive transactions for wealthy individuals or institutions. The fact that the wallets received the tokens directly from Flowdesk indicates an over-the-counter (OTC) deal. This option allows the buyer to evade slippage and maintain privacy than using public exchanges. Participants often opt for OTC deals to purchase or offload enormous amounts of digital assets without impacting market prices. Moreover, individuals use over-the-counter to buy cryptocurrencies when preparing to hold them for the long term. Why the two altcoins The purchase wasn’t a random pick. AAVE and LIDO are among the most reputable DeFi tokens. AAVE is among the earliest and most trusted lending protocols.…
Filed under: News - @ July 17, 2025 12:28 pm