BitMEX co-founder Arthur Hayes was spotted transferring millions of dollars worth of altcoins to crypto exchange Binance.
According to blockchain tracking firm Lookonchain, Hayes sent over $8.47 million worth of Ethena (ENA) to Binance, presumably to sell on the open market.
“Previously, Arthur Hayes accumulated 16.79 million ENA ($11.21 million) between November 26 and 28 at a rate of $0.67, making a profit of $7.7 million at the current price -dollars achieved.”
According to blockchain “deanonymization” service Arkham, Hayes additionally sent $2.42 million worth of ENA to another wallet containing over $11 million worth of cryptocurrencies. Arkham notes that the receiving wallet may also belong to Hayes, but the company is not 100% sure.
In a recent essay, Hayes said crypto markets could be at risk of witnessing a “shocking” correction following the inauguration of President-elect Donald Trump.
“People are impatient because they are desperate. Trump is a smart politician and knows his base. To me that means he needs to go big early, which is why I’m betting on a massive devaluation of the dollar against gold as he begins his first 100 days in office…
