On-chain data show Arthur Hayes sold altcoins he previously backed as major bulls. The transfers involved ENA, ETHFI, and PENDLE tokens valued at over $3 million in the last 15 minutes. The rapid moves suggest a full exit from those positions.
Specifically, the transfers totaled about 8.57 million ENA ($1.06 million), 2.04 million ETHFI ($954,000), and 950,000 PENDLE ($1.14 million). Arkham data indicate Hayes holds roughly $34.18 million across five addresses, with USDC comprising a large portion. Notably, it appears all ENA tokens have been sold.
Hayes had previously made bullish statements about these three altcoins, but he no longer shows holdings in those coins in his known wallets. This on-chain activity underscores the dynamic positioning of prominent figures in the crypto market.
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