2025-12-31 02:05:24

Another "faith collapse" drama unfolds.

Arthur Hayes's associated address withdrew 6.095 million ENA from a major exchange 7 months ago, directly transferring them into Ethena staking. During that time, ENA soared to $0.8, but there was no intention to reduce the position — holding on tightly. This kind of "faith" really has some substance.

And what happened next? 7 hours ago, all 6.095 million ENA were re-deposited into the exchange. At this price, the transaction would result in a loss of $455,000 (not including staking gains). Holding from a cost basis of $0.2792 to $0.8 without selling, then suddenly recharging the exchange to prepare for liquidation — this move definitely has a bit of a sniper's touch.

The market is never short of such turning points. Large holders' position changes often indicate something, and this time, ENA's direction really warrants extra caution.

ENA-0.24%

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QuietlyStaking

· 4h ago

It's the same old trick again, the "faith" of big V's is so cheap. Arthur has already started to run, and we're still going all-in? This ENA ride is probably going to crash. From 0.8 to now, still daring to recharge back into the wallet, what is this guy thinking... The good show is about to begin, ENA needs to be careful next. When big players move, retail investors suffer, this rule has never changed.

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SpeakWithHatOn

· 4h ago

Uh... this move is really ruthless, faith is something you say it’s gone and it’s gone --- Hayes’ approach is interesting, didn’t even reach 0.8, now directly throwing it into the market, the signal is too obvious --- I just want to know who will still dare to shout for ENA to hold on --- Held for 7 months without running, now adding to the exchange... the next step will be clear --- It’s the same old trick, when big players move, the market follows, is ENA about to lose value?

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GateUser-26d7f434

· 4h ago

Haha, this is hilarious, another textbook-level contrarian indicator. Holding until 0.8 and not selling, now rushing to the exchange? Isn't this sniper tactics? This move by the big players, ENA might really be sinking. --- Wuhu, how much is faith worth? --- $455,000 in tuition fees, just to exchange for a way to recharge back to the exchange? --- Wait, he went from 0.2792 to 0.8 without reducing his position, how much faith does that take? But... never mind, better keep an eye on the wallet. --- I just want to ask, who is sniping whom in this wave? --- When the big players move, retail traders run. We've seen this script countless times.

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CryptoWageSlave

· 4h ago

Haha, this is what they call faith. Buying in and holding forever. Oh no, when big players move, the market cools down. Keep a close eye on ENA. 45 million USD just disappeared like that. I bet five bucks that the next move will be another round of bottom fishing. Watching him hold until 0.8 without moving, I thought it was true faith. Turned around and ran—laughing to death. Big players' operations are always just a show. Retail investors, just obediently take the buy-in. This move is fierce. From the top all the way down, ENA is probably going to get hammered again. How much is faith worth per coin? Ask Arthur. The contract is about to be liquidated, everyone. Remember to cut losses and don't wait to be liquidated.

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