BitMEX Founder Arthur Hayes Praised This Altcoin Today: Hours Later, He Sold Big

BitMEX founder Arthur Hayes, one of the well-known names in the cryptocurrency world, made some interesting moves according to onchain data.

According to the data, Hayes unstaking around 9 million of his Ethena (ENA) tokens, which he had previously expressed strong support for, and moved them to cryptocurrency exchange Binance. The amount moved corresponds to $8.44 million.

Hayes had actually reiterated his support for Ethena earlier today before taking action.

Looking back, we know that Arthur Hayes unstaking $11.19 million worth of ENA tokens in a similar manner between November 26 and November 28.

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Hayes currently holds 9.96 million ENA tokens worth $11.7 million, of which $7.94 million are staked, meaning they are locked in. Hayes has reportedly made $8.71 million, or 78%, in profit from his ENA tokens to date.

Similarly, recently Donald Trump's cryptocurrency project, World Liberty, also purchased a small amount of ENA tokens.

*This is not investment advice.

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