{"id":159097,"date":"2023-12-21T13:01:57","date_gmt":"2023-12-21T13:01:57","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=159097"},"modified":"2023-12-21T13:02:21","modified_gmt":"2023-12-21T13:02:21","slug":"arthur-hayes-sends-18m-looks-tokens-to-okx-are-we-facing-a-massive-sell-off","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/arthur-hayes-sends-18m-looks-tokens-to-okx-are-we-facing-a-massive-sell-off\/","title":{"rendered":"Arthur Hayes Sends 18M LOOKS Tokens to OKX. Are We Facing a Massive Sell-Off?"},"content":{"rendered":"
Arthur Hayes, renowned as the co-founder of BitMEX, has recently made a significant deposit of 18.1 million LOOKS tokens into the exchange<\/a> OKX,<\/strong> as reported by Lookonchain. This transaction, executed on December 21, has garnered substantial attention within the crypto community.<\/p>\n It is noteworthy that Hayes had previously acquired 15.5 million tokens between June 3 and November 3, 2022<\/strong>, making purchases on both Uniswap and FTX. The average price of these acquisitions stood at $0.29 per token<\/a><\/strong>. Lookonchain highlights that if Hayes were to decide to sell at this juncture, he would face a considerable loss, estimated at around $2.87 million, representing a 64% loss on his investment.<\/strong><\/p>\n Arthur Hayes(@CryptoHayes<\/a>) deposited all 18.1M $LOOKS<\/a>($1.63M) to #OKX<\/a> 2 hours ago. <\/p>\n Arthur Hayes bought 15.5M $LOOKS<\/a> ($4.5M) from #Uniswap<\/a> and #FTX<\/a> at an average price of $0.29 from Jun 3 to Nov 3, 2022.<\/p>\n If he sells, he will lose ~$2.87M(-64%)!https:\/\/t.co\/NyXir9fdDq<\/a> pic.twitter.com\/czwhoMhO7P<\/a><\/p>\n — Lookonchain (@lookonchain) December 21, 2023<\/a><\/p><\/blockquote>\n\n