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Arthur Hayes Deposits $8,470,000 Worth of ENA to Binance After Massive Rally: Lookonchain

n70products by n70products
December 23, 2024
in Altcoin
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Arthur Hayes Deposits $8,470,000 Worth of ENA to Binance After Massive Rally: Lookonchain
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BitMEX co-founder Arthur Hayes was noticed shifting hundreds of thousands of {dollars} value of altcoins to crypto trade Binance.

In line with 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 accrued 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.”

Image
Supply: Lookonchain/X

In line with 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 nicely however the agency shouldn’t be 100% sure.

In a current essay, Hayes said that the crypto markets could possibly be liable to witnessing a “harrowing” correction following the inauguration of President-elect Donald Trump.

“The individuals are impatient as a result of they’re determined. Trump is an astute politician and is aware of his base. To me, meaning he should go massive 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 simple solution to make manufacturing prices globally aggressive in America shortly. It’ll result in an instantaneous re-shoring of productive capability, resulting in a rise in hiring right this moment and never 5 years from now.

Earlier than we get to the crack-up-boom part on this crypto bull market, I consider the crypto markets will expertise a harrowing dump round Trump’s January twentieth, 2025 inauguration day. Maelstrom will likely be lightening up on sure positions upfront, hoping to rebuy some core positions at decrease costs someday in 1H25.”

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