Arthur Hayes and Major Investors Accumulate Aethir Tokens Amid Rising GPU Demand and DePin Growth

Lookonchain reports that big investors are diving into Aethir (ATH) tokens. This shows a growing interest, especially as demand for GPUs rises.

The concept of Decentralized Physical Infrastructure Networks, or DePin, is gaining traction. It’s changing the tech landscape by enabling decentralized projects in real-world infrastructure.

On Thursday, Arthur Hayes bought 11.4 million ATH tokens for about $800,000 from OKX, according to Lookonchain. He also received 29.611 million ATH tokens from various exchanges, like KuCoin, Bybit, and HTX, as noted by Arkham. Right now, Hayes holds 41.011 million ATH tokens, worth around $2.84 million. This makes it his third-largest position on-chain. Interestingly, his family office is also investing in Aethir.

In another report, Lookonchain mentioned that another investor purchased 28.87 million ATH tokens, valued at $1.95 million, across Bybit, KuCoin, and OKX exchanges.

Aethir is becoming a significant player in decentralized cloud infrastructure for gaming and AI. Prominent crypto analyst AltcoinDaily points out that Aethir is emerging as a leader in the DePin space. This is thanks to its ability to create scalable, decentralized solutions. The ATH token is key to the Aethir ecosystem, serving as a medium for staking and governance. These real-world applications enhance the project’s credibility.

The token’s integration across various exchanges is driving interest. This boosts the platform’s appeal and meets the rising demand for advanced blockchain solutions. Positioned as a GPU marketplace, Aethir is seizing the opportunity from the growing need for computing power in the AI sector. This demand also benefits other DePin projects like Helium (HNT), Storj (STORJ), and StorX Network (SRX), which provide cost-effective, decentralized infrastructure.

Crypto researcher Alex Wacy refers to Aethir as the “Nvidia of crypto.” Why? Because it boasts an impressive 43,000 enterprise-grade GPUs, including 3,000 Nvidia H100s. These high-performance GPUs are crucial for AI training. Aethir holds the largest collection of H100s among all Web3 companies. By clustering these GPUs in one data center, Aethir significantly boosts AI training efficiency.

Wacy also emphasizes that Aethir’s exclusive use of enterprise-grade GPUs guarantees superior service quality and 99.99% uptime. This commitment to high performance positions ATH as a leading player in the cloud gaming and AI training markets.

As the DePin narrative continues to grow and more users enter the market, tokens in this sector are expected to attract even greater attention. With a wider range of options available, some analysts believe that all DePin projects present compelling investment opportunities. One researcher noted, “The entire DePIN (and decentralized computing in particular) is a Web3 gold mine. I wouldn’t be able to pick one project over another for now.”

According to BeInCrypto, the DePin narrative has seen exponential growth since its inception. It has skyrocketed 400%, reaching $20 billion as of August 8. This reflects a growing interest in decentralized infrastructure. However, revenue generation remains a challenge, with companies focusing on DePin projects that target profitable markets.