ARTHUR HAYES TRANSFERS MILLIONS OF DOLLARS WORTH OF ALTCOINS TO BINANCE:
Arthur Hayes, the co-founder of BitMEX, has been making some significant moves in the crypto market. Recently, he transferred $8.47 million worth of Ethena (ENA) to Binance, which is believed to be for selling on the open market.
This isn't the only transfer he's made; Hayes also sent $2.42 million worth of ENA to another wallet, which may belong to him, although this hasn't been confirmed.
Hayes had accumulated 16.79 million ENA tokens between November 26 and 28, making a profit of $7.7 million based on current prices.
He's also been moving other altcoins, including ONDO, which he deposited $8.66 million worth of to Gate and Bybit.
It's worth noting that Hayes has been quite vocal about his predictions for the crypto market.
He believes that the market may experience a "harrowing dump" around Trump's inauguration day on January 20, 2025.
However, despite this prediction, Hayes' actions suggest he's still active in the market and looking for opportunities to profit.