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Arthur Hayes sold tokens of the Ethena project, which he funded

Arthur Hayes sold tokens of the Ethena project, which he funded

HappyCoinNewsHappyCoinNews2024/12/24 02:00
By:HappyCoinNews

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.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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