Prominent crypto figure Arthur Hayes executed substantial sales involving Ethereum (ETH), Ethena (ENA), and Pepe (PEPE) tokens within a concentrated six-hour period.
Market tracking platform Lookonchain reported that Hayes sold 2,373 ETH (valued at approximately $8.32 million), 7.76 million ENA (totalling around $4.62 million), and 38.86 billion PEPE (worth approximately $414,700). The cumulative value of these transactions reached an estimated $13.37 million.
This significant disposal represents a notable liquidity event within the cryptocurrency market. Such large-scale sales by high-profile individuals often possess the potential to influence market sentiment and near-term liquidity dynamics.
The event highlights the critical importance of monitoring substantial token movements, a practice increasingly enabled by transparent on-chain analysis tools. Platforms like Lookonchain provide visibility into these transactions, offering the market greater insight into whale activities.