Recent Significant Transaction Linked to BitMEX Co-founder

An address possibly linked to a BitMEX co-founder has received DeFi tokens worth $2.05 million.

• The transaction involved 3,033 AAVE and 1.1253 million LIDO.
• Flowdesk sent the assets, suggesting a potential over-the-counter purchase.

The altcoin narrative is gaining steam as Ethereum starts to outperform the markets.

ETH, SOL, and XRP surged up to 10% in the past 24 hours while the largest cryptocurrency by value remained calm above $118,600.

Amidst the shifting trends, crypto sleuths observed an interesting transaction linked to a wallet believed to be Arthur Hayes, BitMEX co-founder.

The address received 3,033.14 AAVE and 1.1253 million LIDO, worth $2.05 million, from Flowdesk, a trading company.

> Source: Arthur Hayes Wallet Receives 1.125M LIDO and 3,033 AAVE Worth $2.05M from Flowdesk, Pointing to Potential OTC Buy of DeFi Blue Chips
> — BecauseBitcoin.com (@BecauseBitcoin) July 17, 2025

This is more than an average transaction.

The timing, size, and parties involved have sparked debates within the cryptocurrency community.

Is Hayes Accumulating DeFi Tokens?

Is Arthur Hayes accumulating DeFi blue-chip tokens in anticipation of an imminent bull run?

Flowdesk’s Role Suggests an OTC Deal

The source of the transferred assets adds to the curiosity. Flowdesk is known for handling massive transactions for wealthy individuals or institutions.

The fact that the wallets received the tokens directly from Flowdesk indicates an over-the-counter (OTC) deal, allowing buyers to maintain privacy and avoid slippage typically seen on public exchanges.

Participants often opt for OTC deals to purchase or offload enormous amounts of digital assets without impacting market prices. OTC trading is commonly used when preparing to hold cryptocurrencies long-term.

Why AAVE and LIDO?

The purchase wasn’t random; AAVE and LIDO are reputable DeFi tokens.

• AAVE is one of the earliest and most trusted lending protocols, currently the second-largest business on the Ethereum blockchain by total value locked.

> ICMI: AAVE is currently the #2 business on Ethereum, based on TVL
> — Token Terminal 📊 (@tokenterminal) July 16, 2025

Aave’s multi-chain plans and upcoming V4 upgrade continue to attract community attention.

• Lido dominates the Ethereum staking ecosystem by allowing individuals to stake Ether while providing liquidity via stETH. The LIS (Lido Impact Staking) launched early this year to enhance sustainable funding for social impact projects.

Market Outook for AAVE and LDO

AAVE Price Outlook

AAVE is trading at $325 after a more than 10% weekly gain. Although it has seen a 1.15% dip recently, possibly due to profit taking, its bullish structure remains intact.

Analysts predict massive moves toward $628, which translates to over a 90% surge from the current price, potentially extending to $1,200 during broader market bull runs.

LDO Set for 50% Surge

Lido DAO’s token (LDO) shows a bullish trend, gaining over 4.6% in the past day. Daily trading volume reflects increased interest.

Currently trading at $0.9435 after a 20% weekly surge, LDO is testing an immediate resistance level between $0.95 and $1.00.

> The next sell wall for LDO exists at $1.4.
> — CW (@CW8900) July 17, 2025

LDO secured a stable footing at $0.66 – $0.72, suggesting reliable performance and potential for nearly 50% gains as market sentiment remains bullish for both AAVE and LDO.