Arthur Hayes, co-founder of BitMEX and CIO of Maelstrom Fund, has sold over $10 million worth of Ethena (ENA) cryptocurrency. Hayes received 9 million ENA from an Ethena smart contract and deposited the funds into two centralized exchange addresses. This sale represents more than half of his entire ENA and sENA positions, raising concerns in the market about his support for the project. Hayes has previously supported Ethena through funding and advisory, and his recent sell-off raises questions about his motives and potential insider trading.



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