Ethena Maintains Uptrend Despite Major Sales by Arthur Hayes – BitRss

Ethena (ENA) continues to uphold its upward trend, even after prominent crypto investor Arthur Hayes sold a significant amount of ENA. Hayes announced his support for Ethena Labs and withdrew 9 million ENA from staking, sending 7 million ENA to Binance today.

Arthur Hayes’ Sales

In November, Hayes withdrew 16.79 million ENA from Binance, netting approximately $8.71 million in profit. Currently, Hayes holds 9.96 million ENA, with 7.94 million staked. Through strategic transactions, Hayes achieved a 78% return, continuing to sell despite the rising price of Ethena.

Ethena has shown relatively strong performance in the market, with an increase of 8.47% in the past 24 hours. While major cryptocurrencies like Bitcoin $97,135 and Ethereum $