New activity was detected today in wallets associated with BitMEX co-founder Arthur Hayes. On-chain analyst EmberCN reported that Hayes sent 14 million ENA to Cumberland.
The transfer, worth approximately $2.73 million, was seen as a continuation of the asset reduction process initiated by Hayes the previous day. According to EmberCN, the total value of various cryptocurrencies transferred to trading platforms since yesterday has reached $28.81 million.
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Another trend observed by the analyst was the reverse transfer of stablecoins. It was reported that a total of 14.15 million USDC was withdrawn from trading platforms to addresses linked to Hayes.
Thus, it was noteworthy that not only were altcoins being sent to platforms, but also dollar-denominated assets were being returned to wallets. EmberCN interpreted these movements as an indication that the selling process was continuing.
The assets being tracked include Ethereum, ENA, UNI, ETHFI, AERO, PENDLE, and ZAMA. Today’s new transaction specifically involved a transfer of 14 million ENA tokens.
The analyst also shared the link to the addresses associated with Hayes in their research. The disclosed $28.81 million represents the total of transfers spread over two days, with the value of ENAs sent today accounting for approximately $2.73 million of that amount.
*This is not investment advice.
Continue Reading: Arthur Hayes Continues Preparations for the Sale: He Sent Another 14 Million of This Altcoin