Lookonchain
Arthur Hayes sold another 14 million ENA, worth $2.73 million, roughly two hours ago, extending a heavy disposal streak in Ethena's governance token.
Why it matters
Over the past 24 hours Hayes has sold $28.8 million worth of tokens, locking in $6.65 million in profit. Most of the gains came from ETH and ENA, while positions in UNI, ETHFI, AERO, PENDLE and ZAMA roughly broke even.
Hayes is one of the most closely watched figures in crypto, and Ethena's token distribution carries his fingerprints from early backing. Visible selling by a known early holder tends to weigh on sentiment and can pressure price action well beyond the raw dollar amount.
Market impact
For ENA specifically, the flow adds supply pressure at a time when the token is already sensitive to unlock schedules and smart-money positioning. Traders will be watching whether the selling continues and whether other large holders follow. Continued whale distribution is a bearish signal for near-term ENA price action, while a pause could quickly restore balance.
Frequently asked questions
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How much ENA did Arthur Hayes sell recently?
He sold another 14 million ENA, worth about $2.73 million, roughly two hours after the alert, bringing his 24-hour token sales to $28.8 million.
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How much profit did Arthur Hayes make from the sales?
He booked $6.65 million in profit over the past 24 hours, with most of the gains coming from ETH and ENA positions.
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Which of Arthur Hayes' positions roughly broke even?
His positions in UNI, ETHFI, AERO, PENDLE and ZAMA were sold at roughly break-even, contributing little to the $6.65M profit.
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Why does Arthur Hayes selling ENA matter to the market?
Hayes is a closely watched early backer of Ethena, and visible selling by a known large holder adds supply pressure and weighs on sentiment for ENA.
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What should ENA traders watch after this sell-off?
Whether Hayes' selling continues or pauses. Ongoing whale distribution is a bearish signal, while a stop could ease the supply pressure on ENA.
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