Arthur Hayes sends $8.47 million worth of ENA to Binance after a huge jump: Lookonchain - The Daily Hodl
BitMEX co-founder Arthur Hayes has sent millions of dollars worth of #altcoins to #cryptocurrency exchange #Binance According to Lookonchain, Mr. Hayes sent more than $8.47 million worth of Ethena (ENA) altcoins to Binance, presumably to be sold on the open market.
"Arthur Hayes Mr. Hayes previously accumulated 16.79 million ENA ($11.21 million) between November 26 and 28 at $0.67, making a profit of $7.7 million at current prices. According to Arkham's Line_Break blockchain de-anonymization service, Hayes sent another 2.42 million ENA to another wallet containing more than $11 million in cryptocurrency, according to Arkham's Line_Break blockchain de-anonymization service. Arkham notes that the recipient's wallet may also belong to Hayes, but the company is not 100 percent sure.
In a recent essay, Hayes said the cryptocurrency market could be at risk of a "terrible" correction after the inauguration of President-elect Donald Trump.
"People are getting impatient because they are desperate. Trump is a shrewd politician and he knows his base of support. That's why I'm betting on a significant devaluation of the dollar against gold within the first 100 days of his administration. This is an easy way to quickly make US manufacturing costs internationally competitive. It will lead to an immediate reorganization of manufacturing facilities, which will lead to higher wages for workers today, not five years from now.
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