Arthur Hayes sold ENA 98% below his profit target
Photo: Protos
BitMEX co-founder Arthur Hayes has promoted Ethena (ENA) for years — including repeated $10 price predictions since early 2024 —yet he waited until below $0.20 per ENA to finally admit to selling. On Saturday, he posted his total exit from his investment fund, Maelstrom’s so-called directional book. His sale post 98% below his profit target certainly makes a review of his calls comically worthwhile. Just four weeks ago, for example, Hayes proclaimed that ENA was going to at least $1.
Source: Protos
