Shortly after Arthur Hayes endorsed Ethena, he sold 9 million ENA tokens for about 8.44 million USD. This prompted speculation about his motivations for the timing of such a significant transaction, as he retained nearly 10 million ENA.
Donald Trump’s cryptocurrency project has also invested in ENA tokens, complicating the narrative around Ethena. Investors are now questioning the potential overlap between political interests and market movements within the cryptocurrency landscape.
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