PANews reported on July 12 that according to on-chain analyst Ember’s monitoring, BitMEX co-founder Arthur Hayes should have purchased a total of $1.505 million worth of ENA through multiple channels in the past day:

• 755,000 USDC were transferred to Binance, and 2.1 million ENA were withdrawn;
• 248,000 USDC was transferred to Wintermute, and 700,000 ENA was withdrawn;
• 502,000 USDC were transferred to Galaxy Digital, and 1.4 million ENA were withdrawn.