According to BlockBeats, on August 1st, Lookonchain monitored that Arthur Hayes deposited 2364.38 ETH into Cumberland and Galaxy Digital in the past 2 hours and exchanged them for 4.3 million USDC. He sold the USDC at a price of $1821, resulting in a loss of $241,000, or 5.3%.
He had previously purchased 7,213 ETH at a price of approximately $1,923, which was worth $13.87 million.