Arthur Hayes Unstaked ENA Tokens Worth Around $6.54 Million
Arthur Hayes, popular trader, and BitMEX co-founder moved large amounts of Ethena (ENA) tokens to centralized exchanges.
On this page
According to data from Arkham Intelligence, on January 13, he transferred 7.9 million ENA, worth over $6.54 million, from a self-custody wallet to Binance and Bybit, while sending around 125,000 ENA to other wallets.
This transfer hints at potential selling and profit-taking. Based on Onchain Lens, he made an estimated profit of $5.42 million.
Onchain data shows that this is not the first time Hayes has sold his ENA tokens. Previously, in December 2024, he moved 7 million tokens worth $8.47 million to Binance.
The top assets Hayes currently holds in his portfolio are Ethereum (ETH), ether.fi (eETH), and Ethena Stacked USDe (sUSDe), worth over $13 million, $9 million, and $1 million, respectively.
The amount of ENA holdings in the discussed wallet is currently 0.
ENA is the native governance token of the Ethena synthetic dollar protocol on Ethereum, launched in April 2024. Hayes later published a bullish post on X, saying the token has large growth potential.
Soon after its launch, ENA entered the top 100 largest cryptocurrencies by market cap. At the time of writing, the token ranks 48th, with a market cap of more than $2.4 million.
ENA trades at around $0.70, with a 10% decline in a day. The token recorded an all-time high of $1.52 on April 11, 2024.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
