Arthur Hayes, a well known cryptocurrency dealer and the founding father of BitMEX, has turn into the most important particular person holder of the token LOOKS, proudly owning 17 million LOOKS, equal to $5.14 million. Hayes bought 10.68 million LOOKS at a mean value of $0.258 with a complete price of 1,786 ETH ($2.76 million) from Aug. 24, 2022, to Nov. 3, 2022. He additionally obtained 4.82 million LOOK ($1.67 million on the time) from FTX in June 2022, with a mean receiving value of $0.347.
LOOKS is a utility token of LooksRare, a community-driven NFT market that goals to reward merchants, collectors and creators. The platform prides itself on being created “by NFT folks for NFT folks.”
1/ Arthur Hayes (@CryptoHayes) is at present the most important particular person holding handle of $LOOKS, holding 17M $LOOKS ($5.14M).https://t.co/YKyINyarvS pic.twitter.com/e0Hun5Ds4J
— Lookonchain (@lookonchain) February 8, 2023
With the present state of the NFT market being comparatively unstable, the truth that Hayes holds such a considerable quantity of tokens suggests that he’s optimistic about the way forward for the NFT market and believes in its restoration.
Hayes has beforehand expressed his constructive sentiment towards various cryptocurrencies, together with GMX and LOOKS. His funding in LOOKS tokens is a testomony to his confidence in the way forward for the NFT market. The sustained progress and restoration of the market may very nicely carry a few vibrant future for LOOKS and different NFT tokens.
The worth efficiency of each Appears and GMX reveals that Hayes’ picks have been greater than correct as he stays worthwhile on each property, the on-chain knowledge reveals. Throughout the latest restoration available on the market, LooksRare, OpenSea and the NFT market basically noticed a light restoration as threat tolerance amongst buyers led to rising demand for comparatively unstable NFTs.