Hayes beforehand invested within the ENA token but later exited a part of his space all the map via market downturns.
BitMEX co-founder Arthur Hayes sold 682 Ethereum value roughly $2 million on Tuesday, in accordance with files tracked by Lookonchain.
Arthur Hayes(@CryptoHayes) has appropriate deposited another 682 $ETH($2M) into #Binance to sell and rotate into high of the variety DeFi tokens.
In the previous week, he has sold an total of 1,871 $ETH($5.53M), and equipped 1.22M $ENA($257.5K), 137,117 $PENDLE($259K), and 132,730 $ETHFI($93K).… pic.twitter.com/2mddOY3H1t
— Lookonchain (@lookonchain) December 24, 2025
Hayes also increased exposure to decentralized finance tokens, shopping Ethena (ENA), Pendle (PENDLE), and Ether.fi (ETHFI), with whole purchases valued at about $609,000.
The most as a lot as the moment trades produce on process from final weekend, when Hayes exchanged 680 ETH for 1.2 million ENA tokens. Hayes has said he’s reducing Ethereum exposure in desire of opt DeFi resources that he believes could well well wait on extra right some distance flung from improved liquidity stipulations.
The analyst had accrued ENA earlier in 2025 sooner than promoting a fraction of his holdings all the map via lessons of market weak point, main to realized losses on those positions.
