Arthur Hayes exits crypto trading positions as analysts track $26 million in sales

Arthur Hayes has exited Maelstrom's directional crypto positions, and on-chain analysts are tracking about $26 million in token sales. In an Oct. 24 statement , Hayes said he had taken profits on Ethereum (ETH), Ethena (ENA), Uniswap (UNI), and other cryptocurrencies, citing mounting macroeconomic and geopolitical uncertainty. The decision follows blockchain analytics firm Santiment's Oct. 23 report of Ethereum's largest daily net exchange outflow in more than four months, a pattern it compared with a June local bottom. On-chain analyst EmberCN reported that Hayes sold about $26 million in cryptocurrencies, with Ethereum accounting for nearly three-quarters of the total. The transactions included 8,000 ETH worth approximately $19 million, 14 million ENA valued at $3 million, and 323,000 UNI worth $2 million.

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