Based on BitJie, billionaire crypto entrepreneur Arthur Hayes recently moved $3.53 million worth of Ethereum (ETH) in a 24-hour period. Approximately $1.5 million of the ETH was stolen, while the rest was sent to Galaxy, suggesting Hayes may be considering a sale. Part of the $2.03 million ETH Hayes used was not sent to Galaxy but instead used to purchase 1.22 million Ethena (ENA) tokens, valued at around $257,000 at launch. Hayes is also reportedly conducting an ETH sell-off on X, stating they are shifting to high-quality DeFi projects. Ethena is an Ethereum-based DeFi platform offering a crypto-native synthetic dollar called USDe. Hayes has been an investor and promoter of the protocol since 2023.
Arthur Hayes Moves $3.53M ETH to Ethena, Buys 1.22M ENA Tokens
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Summary
Arthur Hayes, a prominent crypto entrepreneur, moved $3.53 million in ETH over 24 hours, with $1.5 million reportedly stolen. The remaining funds were split between Galaxy and Ethena, where he bought 1.22 million ENA tokens. Hayes is also selling ETH on X, favoring high-quality DeFi projects. Ethena, a crypto platform, offers a synthetic dollar called USDe. Hayes has backed the project since 2023. What is Ethena? It’s an Ethereum-based DeFi protocol.
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