On November 12, 2026, Odaily reported that on-chain analyst Yu Jin had observed Arthur Hayes transfer a combined $3 million in USDC to OTC trading platforms Flowdesk and Galaxy Digital roughly 10 minutes earlier.
About half a month before the report, Hayes had sold at least $49.25 million worth of various altcoins and said he planned to wait for further price declines before considering purchases. The tokens he had sold subsequently fell by approximately 15%–30%, according to Odaily.
The USDC transfers prompted speculation that Hayes might be preparing to buy again. The funds’ intended use and any specific purchase plan remained unconfirmed. A transfer to an OTC platform is not, by itself, evidence that a purchase took place.
Original report: Odaily, published November 12, 2026, at 11:40 a.m. UTC+8.