Arthur Hayes Dumps $ENA — Retail Buys the Dip
Arthur Hayes sold another 14M $ENA overnight ($28.8M in a single day) while retail traders bought the dip. Ethena remains up ~3% on the day despite sustained selling pressure.
What we know
An account on X highlighted the dynamic: Hayes pocketed $6.65M in profit (mostly in $ETH and $ENA) and sold the rest near break-even, while CT retail continued accumulating. The irony noted by KookCapital — 'Hayes is selling it to them' — captures the classic founder/insider-vs-retail divergence playing out in real time.
How the story developed
Arthur Hayes sold another 14M $ENA overnight ($28.8M in a single day) while retail traders bought the dip. Ethena remains up ~3% on the day despite sustained selling pressure.
On-chain data shows Arthur Hayes has been consistently selling ENA since its $10 peak in 2024 down to current levels, while BTC analysts debate whether the bottom is in or deeper drawdowns remain likely.
Arthur Hayes says high-FDV shitcoins can no longer pump even on Binance. Pump.fun faces a bear case, and a dormant institution just dumped $33M in AAVE and WLD.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.