Arthur Hayes Buys Back 1,337 ETH Two Days After Selling, Adds 6M ENA

BitMEX co-founder Arthur Hayes has resumed buying Ethereum just two days after reducing his holdings, according to blockchain analytics platform Lookonchain.

On-chain data shared by Lookonchain showed that Hayes transferred 2.5 million USDC to Galaxy Digital about an hour before the transaction was reported and received 1,337 ETH in return, implying an average purchase price of approximately $1,869 per token.

The analytics platform also reported that Hayes purchased an additional 6 million Ethena (ENA) tokens valued at roughly $525,000, at an average price of $0.09 per token.

At the time of writing, Ethereum was trading at $1,866, down 5.3% over the past seven days. Ethena’s ENA token traded at $0.09336, up 4.8% over the previous 24 hours.

Source: Lookonchain