Arthur Hayes, former BitMEX CEO, stirred the crypto world by selling $8.4M in ENA tokens just hours after praising Ethena Labs. ๐ His move sparked chatter about market manipulation, yet ENA's price surged 25% amid the buzz. Hayes accumulated 16.79M ENA tokens, cashing out with a $7.7M profit. Despite criticism, Ethenaโs synthetic dollar, USDe, shines with a 67% yield, outpacing traditional stablecoins. While Hayes faces insider trading accusations, his timing shows savvy market moves. In crypto, knowing when to take profits is key, and Hayes seems to have mastered it. ๐
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