Arthur Hayes Begins Aggressive Accumulation: Snaps Up $2 Million Worth of This Altcoin in 5 Days

BitMEX founder Arthur Hayes has made a notable “smart money” move by accumulating approximately $2 million worth of Ethena (ENA) over the last five days.

One of the most influential figures in the cryptocurrency market, Arthur Hayes, continues to bolster his portfolio with ENA. According to data shared by on-chain tracking platform Lookonchain, Hayes has sparked new market activity with his aggressive buying strategy in recent days. The wallet movements of the famous figure are seen as a strong signal of confidence in the project’s future.

Arthur Hayes’ Million-Dollar ENA Move

According to Arkham data, in his latest transaction, Hayes purchased 10.9 million ENA tokens via a Binance hot wallet. This move, worth approximately $985,000, was transferred to Hayes’ personal wallet address ending in 0x6cd. With this transaction, the famous figure’s total ENA accumulation over the last five days has reached 22.64 million units. The total investment amount has hit approximately $2 million at current prices.

A detailed review of the transaction history reveals that Hayes has been making regular transfers not only from exchanges but also from the wallets of major market makers like Wintermute and Flowdesk. These purchases, which have intensified especially in the last 48 hours, prove that Hayes has high expectations for the ENA price. On-chain data indicates that when large investors, characterized as “smart money,” follow such a persistent accumulation strategy for a specific asset, it can directly influence market sentiment.