Arthur Hayes, a well-known investor and senior executive in the digital currency sector, recently sold over $10 million worth of ENA digital currency, which he supports. According to Arkham Intelligence data, Hayes received 9 million ENA tokens from the smart contract of Etna and transferred them to two centralized exchanges. He sent 7 million ENA worth $8.47 million to Binance and 2 million ENA worth $2.42 million to Bybit. This action, which involves more than half of Hayes’ known ENA and sENA balances, has raised alarms in the market. Hayes, a major supporter of the Etna project who participated in a $6 million investment round, had previously sold millions of dollars worth of PENDLE tokens after their public announcement. The market is now closely monitoring Hayes’ next moves to determine whether this action is merely a profit-seeking deal or indicates a fundamental change in his position towards Etna.
