Citing Cryptofrontnews, Arthur Hayes offloaded nearly $5 million in tokens within hours, including 260 ETH, 2.4 million ENA, and 640,000 LDO, as tracked by Lookonchain. The sales occurred after a sharp market correction that pushed Ethereum to $3,100 and Bitcoin to $94,000. Meanwhile, ZEC rose over 220% monthly as Hayes added to his holdings and compared it favorably to XRP. On Cardano, large ADA holders dumped over 4 million tokens, increasing downward pressure on the asset.
Arthur Hayes Sells $5M in Tokens Amid Market Correction, ZEC Surges 220% Monthly
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