Arthur Hayes, co-founder of BitMEX, sold his entire position in Worldcoin (WLD) shortly after publicly endorsing the token, leading to an 11% price drop and a $190 million market value loss. This move sparked criticism accusing Hayes of creating exit liquidity for his followers, a pattern seen with his recent sales of other altcoins like NEAR and ZEC. Hayes defended his actions by stating he sold at a willing buyer's price and predicted the market correctly. The incident raises questions about the reliability of influential traders' endorsements in the crypto market.
The SYN token from the AI-linked Synapse project has dropped more than 55% since late June, erasing gains made after BitMex co-founder Arthur Hayes endorsed it and bought 6.16 million tokens at about $0.357 each. Hayes' investment is now about 28% un...
Provenance Blockchain (HASH) led gains on July 14 with a 16.54% price surge to $0.009461, driven by its focus on financial services using distributed ledger technology. Other notable gainers included Beldex (BDX) up 15.97%, NEAR Protocol rising 4%, a...
On July 13, DeXe (DEXE), a decentralized asset management platform, surged 27.29% to $48.54, making it the top gainer among altcoins. This rise highlights growing investor interest in innovative trading and investment platforms. Meanwhile, other altc...
DeXe (DEXE) surged 7.04% to $38.16, topping the altcoin gainers due to recent improvements in its governance model, pushing its market cap to $1.78 billion. Other notable gainers include Arbitrum, Uniswap, Worldcoin, and Aave, each rising between 4% ...
