Arkham said whale address 0xFF1 sold ENA, MNT, ETH and LDO about one hour ago, closing positions that had been opened roughly four months earlier. The wallet sold about $2.597 million in total against an estimated cost basis of about $2.257 million, leaving an overall profit of around $340,000. By token, ENA generated about $513,000 in profit after being bought for roughly $433,800 and sold for about $946,900. MNT posted a loss of about $28,700, while ETH showed a loss of about $180,000. LDO added about $35,400 in profit. Odaily also noted that Arthur Hayes said earlier in the day that his investment firm Maelstrom had exited ETH, ENA, UNI and other altcoin-related positions to lock in gains. The report added that the crypto market then saw a sharp decline later that evening.
According to Arkham, whale address 0xFF1 sold ENA, MNT, ETH and LDO about one hour ago, exiting positions that had been opened roughly four months earlier. The total value sold was about $2.597 million, compared with an estimated purchase cost of about $2.257 million, for an overall profit of around $340,000.
Breaking the trades down, the wallet bought ENA for about $433,800 and later sold it for about $946,900, booking a profit of roughly $513,000. MNT was bought for about $166,700 and sold for about $138,000, resulting in a loss of about $28,700. ETH was bought for about $1.47 million and sold for about $1.29 million, for a loss of about $180,000. LDO was bought for about $186,700 and sold for about $222,100, producing a profit of about $35,400.
Hayes says Maelstrom exited related positions
Odaily reported that Arthur Hayes said earlier today that his investment firm Maelstrom had fully exited ETH, ENA, UNI and other altcoin-related positions, taking profits. Later that evening, the crypto market saw a sharp drop, according to the report.
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