Arthur Hayes Moves $3 Million After Crypto Selloff—Why Now?

TLDR Analysts reported $3 million USDC leaving a wallet associated with Arthur Hayes on November 12. Onchain Lens identified $2 million sent to Galaxy Digital and $1 million to Flowdesk. Arkham identifies a Hayes-linked wallet as the sending address’s first funder. Hayes confirmed exiting Maelstrom’s directional trading book on October 24. EmberCN estimated October sales generated at least $49.25 million in USDC. An Ethereum wallet linked to Arthur Hayes sent $3 million USDC to two trading firms Thursday. Analysts identified the recipients as Galaxy Digital and Flowdesk. The movement follows Hayes’ October liquidation of several crypto holdings, but no new purchase is confirmed. USDC Transfers Put Trading Desks Back in Focus According to blockchain analyst EmberCN, the transfers occurred on November 12.

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