Well-known crypto investor, co-founder BitMEX and the CIO of his family office Maelstrom Fund, Arthur Hayes, sold the Ethena (ENA) cryptocurrency for more than $10 million. Note that he financed and supported this project.
According to Arkham Intelligence, a prominent investor received 9 million ENA from an Ethena smart contract on December 22 and deposited the tokens into two centralized exchange addresses.
Hayes first sent 7 million ENA worth $8,47 million to Binance after receiving $10,91 million in contract money. He then sent 2 million ENA worth $2,42 million to an address that Lookonchain identified as belonging to bybit .
Arthur Hayes' Cryptotranslators. Source: Arkham Intelligence
Arthur Hayes currently holds $36,44 million worth of cryptocurrency, according to Arkham Intelligence. Of that, sENA is in third place with a total value of $8,35 million. Hayes also holds 18 ENA worth $580.
Arthur Hayes' Crypto Assets. Source: Arkham Intelligence
Thus, the recent sale of Ethena represented more than half of its holdings in ENA and sENA. This is a notable event that has caused alarm in the market.
Additionally, Hayes recently sold millions of dollars worth of Pendle (PENDLE) tokens immediately after the token's public launch.
