Arthur Hayes Deposits $8,470,000 Worth of ENA to Binance After Massive Rally: Lookonchain
BitMEX co-founder Arthur Hayes was noticed transferring thousands and thousands of {dollars} value of altcoins to crypto alternate Binance.
Based on blockchain monitoring agency Lookonchain, Hayes despatched over $8.47 million value of Ethena (ENA) to Binance, presumably to promote on the open market.
“Arthur Hayes beforehand amassed 16.79 million ENA ($11.21 million) at $0.67 between Nov twenty sixth and Nov twenty eighth, making a revenue of $7.7 million on the present value.”
Based on blockchain “de-anonymizing” service Arkham, Hayes additionally sent a further $2.42 million value of ENA to a different pockets containing over $11 million value of crypto. Arkham notes that the receiving pockets could also be owned by Hayes as properly however the agency shouldn’t be 100% sure.
In a current essay, Hayes stated that the crypto markets might be vulnerable to witnessing a “harrowing” correction following the inauguration of President-elect Donald Trump.
“The persons are impatient as a result of they’re determined. Trump is an astute politician and is aware of his base. To me, which means he should go huge early, which is why my cash is on an enormous greenback vs. gold devaluation early into his first 100 days in workplace. It’s a straightforward technique to make manufacturing prices globally aggressive in America shortly. It’s going to result in a right away re-shoring of productive capability, resulting in a rise in hiring at the moment and never 5 years from now.
Earlier than we get to the crack-up-boom section on this crypto bull market, I consider the crypto markets will expertise a harrowing dump round Trump’s January twentieth, 2025 inauguration day. Maelstrom can be lightening up on sure positions prematurely, hoping to rebuy some core positions at decrease costs someday in 1H25.”
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