Arthur Hayes Invested Nearly $985,000 in ENA Tokens

A wallet associated with Arthur Hayes purchased ENA tokens from the Ethena project for approximately $985,000. A total of 10.9 million ENA was acquired through the decentralized platform Paraswap. The transaction utilized USDC stablecoins that were already present in this wallet. The funds did not come from a bank account and were not related to a direct purchase of cryptocurrency for fiat. Over the past five days, wallets linked to Hayes have accumulated 22.64 million ENA. Before increasing his position in ENA, on August 1, the wallet sold 6.16 million SYN tokens from the Synapse protocol for about $658,000. Part of the funds was used for the initial purchase of 3.05 million ENA. Then, on August 3, 6 million ENA was bought for around $525,000, and on August 5, 2.69 million ENA was purchased for about $246,000. These purchases coincided with the unlocking of 171.88 million ENA worth approximately $15,360,000, belonging to investors and developers of the project. Previously, Hayes also bought 3,298 Ethereum for about $6,390,000.

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