Arthur Hayes, founder of BitMEX, has recently cashed in on his ENA holdings, realizing a profit of $3.96 million.
Hayes unstaked 9 million ENA tokens and transferred 7 million ENA to Binance, followed by a USDC withdrawal. He transferred the remaining 2 million ENA to his wallet and then to Bybit.
Hayes still holds approximately 8 million ENA tokens, worth $8.36 million, indicating his ongoing interest in the token.
Investors should monitor whale activity like Hayes' actions, as it can affect market movements. The focus now shifts to Hayes' future moves and ENA's price trajectory.