An address identified as belonging to Arthur Hayes transferred a total of 3 million USDC to Flowdesk and Galaxy Digital, according to monitoring by 余烬 cited by TechFlow on November 12, 2026. The source describes a split of 1 million USDC to Flowdesk and 2 million USDC to a Galaxy Digital deposit address.
The transfers prompted speculation that Hayes might buy crypto assets again, but a transfer to an institutional address does not establish that a purchase occurred. TechFlow reported that Hayes had sold at least $49.25 million worth of various altcoins about half a month earlier and had said he planned to wait for further price declines before buying again.
Original report: TechFlow, published November 12, 2026, at 11:41 a.m. UTC+8.