Arthur Hayes’ $13.3M ETH Sale May Influence Market Volatility and Price Movements
Main Idea
Arthur Hayes sold $13.3 million worth of ETH and ENA tokens, contributing to increased market volatility and a 5% drop in Ethereum's price.
Key Points
1. Arthur Hayes, former BitMEX CEO, sold 2,373 ETH and 7.7 million ENA tokens totaling $13.3 million within six hours.
2. The sales were tracked via on-chain analytics on decentralized finance platforms.
3. Ethereum's price dropped by 5% during the period of Hayes's sales, highlighting market sensitivity to high-volume trades.
4. ENA, a DeFi token, also experienced price pressure due to the sales.
5. Market observers note that large-scale sales like Hayes's can lead to rapid price changes and increased volatility.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Arthur Hayes sold
Latest News
- Aptos Faces Near-Term Pressure While ETH Signals Potential Rebound and BlockDAG Presale Surpasses $358M2025-08-02 22:34:50
- Arkham Investigation Suggests Possible $3.5B Bitcoin Theft by LuBian Uncovered After Years2025-08-02 22:11:26
- Bitcoin Faces Volatility Amid Big Tech Selloff and Amazon’s Significant Stock Decline2025-08-02 22:11:05
- Bitcoin Sees Unusual Institutional Activity as Expert Questions 2025 Market Top Predictions2025-08-02 21:57:51
- trad_fin will be offline for the next 7 days2025-08-02 21:34:38