Arthur Hayes, co-founder of BitMEX, has purchased over 1.5 million USD of ENA Token in the past 24 hours through various trading channels.
His buying activity is confirmed by Ember's on-chain analysis, with millions of ENA Tokens withdrawn and liquidity flowing into major exchanges like Binance, Wintermute, and Galaxy Digital.
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Arthur Hayes purchased a total of 1.505 million USD of ENA in the day.
The USDC was transferred to three platforms: Binance, Wintermute, and Galaxy Digital.
The volume of ENA withdrawn reached 4.2 million Tokens, demonstrating a strong investment move.
How did Arthur Hayes purchase ENA in the past day?
Ember's on-chain analysis recorded that Arthur Hayes purchased ENA with a total value of 1.505 million USD, evenly distributed across 3 channels transferring USDC and withdrawing ENA.
Specifically, 755,000 USDC was sent to Binance to receive 2.1 million ENA, 248,000 USDC transferred to Wintermute in exchange for 700,000 ENA, and 502,000 USDC transferred to Galaxy Digital along with 1.4 million ENA being withdrawn. This is a multi-channel strategy that allows him to access large-scale liquidity.
“The purchase of a large volume of ENA across multiple exchanges clearly demonstrates Arthur Hayes' commitment to this Token market.”
Ember, on-chain analysis expert, 12/07/2024
Why do Arthur Hayes' transactions matter to the ENA market?
The actions of a powerful whale like Arthur Hayes often have a significant impact on the liquidity and value of the ENA Token.
According to cryptocurrency financial experts, the active participation of experienced individual investors, especially those leading major platforms like BitMEX, contributes to strengthening market confidence and potentially driving capital flow into the Token.
“When well-known whales join strongly, it is often a positive signal for the related cryptocurrency market.”
Dang Minh Thang, Crypto Investment Strategy Director, 2024
Compare Arthur Hayes' ENA trading volume with other investors
Investor Value USDC transferred (USD) ENA Tokens withdrawn (Tokens) Trading channels Arthur Hayes (BitMEX) 1,505,000 USD 4,200,000 Binance, Wintermute, Galaxy Digital Investor A (Q1 2024) 700,000 USD 2,000,000 Binance Investor B (Q2 2024) 900,000 USD 2,500,000 Binance, DEX Exchange
Frequently Asked Questions
Who is Arthur Hayes in the cryptocurrency field? He is the co-founder of the BitMEX exchange, known for his experience and significant influence in the global cryptocurrency market. What is the ENA Token? ENA is a Token from a cryptocurrency ecosystem that is currently attracting attention, with high liquidity and growth potential. What does a large-value purchase of ENA mean? Large purchase volumes from prominent whales like Arthur Hayes help reinforce confidence and may drive capital into the Token, positively impacting its price. Why use multiple trading channels in the same day? Distributing trades across several platforms helps diversify liquidity and mitigate the risk of significant price drops, while also increasing security. How to track whale activity in cryptocurrency? On-chain analysis tools like Ember allow monitoring of cash flows and large transactions using transparent data on the Blockchain.
Source: https://tintucbitcoin.com/ena-but-pha-sau-khi-arthur-hayes-mua/
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