On-chain analyst AmberCN reported that "BitMEX Co-founder Arthur Hayes' presumed address unstaked roughly 9.018 million ENA approximately four hours ago and transferred 700 ENA ($8.47 million) to Binance." This transaction suggests that Hayes may be preparing to sell his ENA holdings or use them for other purposes. It is also worth noting that the transfer occurred shortly after ENA's price surged by over 20%. It remains to be seen what Hayes' intentions are, but this transaction is sure to have a significant impact on the ENA market.