Arthur Hayes Deposited 18.1M LOOKS to OKX Amid Sell-Off Rumors

• According to Lookonchain, Arthur Hayes deposited 18.1 million LOOKS to OKX on Thursday.
• Hayes bought 15.5 million LOOKS from Uniswap and FTX, between June 3 and November 3, 2022. 
• Lookonchain noted that selling at this time would see Hayes lose nearly $2.87 million.

According to the smartmoney on-chain platform, Lookonchain, Arthur Hayes, the co-founder of BitMEX, deposited 18.1 million LooksRare (LOOKS) tokens, equivalent to $1.63 million, on OKX on Thursday, December 21. In a recent post on X (formerly Twitter), the smartmoney platform noted that the BitMEX co-founder bought 15.5 million LOOKS, equivalent to $4.5 million from Uniswap and FTX, between June 3 and November 3, 2022. 

Arthur Hayes(@CryptoHayes) deposited all 18.1M $LOOKS($1.63M) to #OKX 2 hours ago.

Arthur Hayes bought 15.5M $LOOKS ($4.5M) from #Uniswap and #FTX at an average price of $0.29 from Jun 3 to Nov 3, 2022.

If he sells, he will lose ~$2.87M(-64%)!https://t.co/NyXir9fdDq pic.twitter.com/czwhoMhO7P

— Lookonchain (@lookonchain) December 21, 2023

The average price of Hayes’ LOOKS purchases over the stated period was $0.29 per token. According to Lookonchain, selling at this time would…

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