Based on Captainaltcoin, BitMEX co-founder Arthur Hayes sold Pendle, Ethena (ENA), and EthFi at a 20% loss two weeks ago, only to repurchase over $3 million worth of the same assets 30–40% cheaper after a further market decline. The move highlights a common whale strategy of selling during early weakness to re-enter at lower prices during panic-driven selloffs. On-chain analyst aixbt outlined key signals such as large exchange outflows, sharp price drops, and negative funding spikes that often precede whale re-entries.
Arthur Hayes Sells Pendle, Ethena at 20% Loss, Re-Enters 30-40% Cheaper
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