Why Did Arthur Hayes Just Dump $13 Million in ETH, PEPE, and ENA? The Market Signal Every Investor Needs to Decode Now!
ENA had gained over 40% to $0.7 in the past week following two key developments: the launch of USDtb, the first stablecoin compliant with the US GENIUS Act, by Anchorage Digital and Ethena Labs, and Ethena Foundation’s announcement of a $260 million ENA token buyback.
Hayes had accumulated over 2 million ENA tokens after the Anchorage Digital and Ethena Labs announcement, building his position to 7.7 million tokens before today’s sale.
Arthur Hayes(@CryptoHayes) bought 2.16M $ENA($1.03M) today from #Binance, #GalaxyDigital, #Flowdesk, and currently holds 7.76M $ENA($3.73M).https://t.co/1HymJROJmL pic.twitter.com/uB1DWSU2JP
— Lookonchain (@lookonchain) July 25, 2025
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