Ethena Price Prediction: ENA Plummets 10% As Arthur Hayes Moves $6.46M Ethena, While This Crypto Wallet Token Soars Past $7 Million
The Ethena price plunged over 10% in the last 24 hours to trade at $0.7929 as of 3:55 a.m. EST as investors offload their holdings in the crypto on the market. This drop in the ENA price comes as BitMEX founder Arthur Hayes started decreasing his exposure to the crypto in recent weeks. After depositing 7.85 million tokens to Binance on Dec. 21, 2024, on–chain analytics platform Lookonchain flagged another massive deposit made in the last 24 hours. According to the firm, Hayes sent 7.85 million ENA, valued at $6.46 million, to Binance and Bybit. Arthur Hayes(@CryptoHayes) deposited 7.85M $ENA($6.46M) to #Binance and #Bybit again 15 mins ago.https://t.co/lwQqYTPbua pic.twitter.com/ah9FZaj6wg — Lookonchain (@lookonchain) January 13, 2025 Ethena Price Resting On A Critical Support 4-hour chart for ENA/USD (Source: GeckoTerminal) The Ethena price has been in a consolidation range between $0.7932 and $0.9384 over the past few days. In recent hours, the altcoin...