Arthur Hayes received $11.73M USDC from Galaxy Digital and Flowdesk following $18.69M in ETH transfers.
Macro & Markets ·
Arthur Hayes received 11.73 million USDC from Galaxy Digital and Flowdesk following transfers of approximately 8,000 ETH valued near $18.69 million, according to on-chain tracking. The activity was logged at address 0x6cd66DbdFe289ab83d7311B668ADA83A12447e21, with approximately $6.96 million in proceeds remaining to be accounted for.
This transaction follows earlier token movements in which Hayes transferred multiple assets to trading venues and market makers. Those prior moves included 14 million ENA tokens to Binance, 323,000 UNI to Wintermute, 3 million ZAMA to Wintermute, 1.89 million ETHFI to FalconX, and 120,000 PENDLE to a CEX or market-making deposit wallet. Wintermute subsequently returned 2.426 million USDC to the same address, likely representing proceeds from the UNI and ZAMA sales.
The sequence suggests a staged liquidation or rebalancing across multiple counterparties and venues. The $6.96 million gap between gross ETH proceeds and reported USDC inflow remains unexplained in available data—whether representing additional transfers, fee absorption, or unconfirmed settlement activity is not yet clear.