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Arthur Hayes, who has made many cryptocurrency recommendations since late 2023 and recently said he expects a serious decline after January, seems to have started selling. After Saturday, Hayes made the ENA transfer tonight.
The famous investor sent 2 million ENA worth 2 million dollars to the Bybit exchange. Hayes sold 7 million ENA tokens through Binance on Saturday.
Trump is buying Project World Liberty.
As is known, World Liberty Financial, which has been buying AAVE and LINK in recent weeks, started adding ENA to its portfolio. The project, with the support of the Trump family, also bought during the price drop.
Why is Hayes selling?
Arthur Hayes’ reason for selling is that he expects the market to decline. In his blog post last week, Hayes said he expects crypto markets to decline, especially after January 20. The Bitmex founder claimed that the decline “will come with the understanding that the promises Trump has made to the crypto world will not be fulfilled in the short term.”
ENA, which rose to $1.3 before the Fed meeting last week, later fell back below $1 as the market declined.
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