Arthur Hayes dumps $8.4 million ENA hours after complimenting Ethena impressively

Arthur Hayes, former CEO of BitMEX, sold $8.4 million of ENA on Binance just two hours after praising the project on Twitter. Previously, from November 26 to 28, he accumulated 16.79 million ENA tokens at a price of $0.67/token, totaling $11.21 million at the time. His sale of a significant portion of his ENA holdings after publicly expressing his impression of the project raised significant attention in the cryptocurrency community. However, the motive behind this action is not clearly revealed.

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