Arthur Hayes Buys 873,671 ENA at $0.281 as ENA Trading Activity Intensifies Following a 5,020,000 ENA Sell at $0.275
COINOTAG News, citing LookIntoChain on-chain monitoring, reports a notable intrahour action by Arthur Hayes, the crypto-market figure behind BitMEX. Hayes acquired 873,671 ENA at an average price of $0.281, totaling roughly $245,000. This on-chain activity contributes to visible on-chain liquidity in the ENA market and signals active allocation by prominent traders, per the source.
Two weeks earlier, Hayes liquidated 5,020,000 ENA at an average price of $0.275 per coin, generating about $1.38 million in proceeds. While such large trade flows illustrate market activity and liquidity dynamics, analysts caution that a single address does not establish a trend. Market participants will monitor for subsequent moves to assess any broader participation in the ENA market.