According to a recent revelation by on-chain analyst @EmberCN, Arthur Hayes accumulated $1.505 billion in ENA tokens over the last day. In a post on X, the analyst revealed that a wallet address, apparently linked to Hayes, purchased around 4.2 million ENA tokens through multiple transactions.
Recently, Arthur Hayes expressed his optimism about a "monster altcoin season", with Ethereum leading the rally. Hayes's latest purchase of ENA further reinforces his bullish stance on the potential rally of altcoins.
Interestingly, the transactions took place over the last 24 hours, and Hayes used different platforms to acquire the tokens. The breakdown of the transactions reveals that Hayes transferred 755,000 USDC to Binance, which he subsequently withdrew as 2.1 million ENA tokens.
Additionally, he transferred 248,000 USDC to Wintermute, receiving in return 700,000 ENA tokens. Hayes also sent 502,000 USDC to Galaxy Digital, resulting in the withdrawal of 1.4 million ENA tokens. These transactions, in total, represent a substantial investment in the Ethena token.