Another trend observed by the analyst was the reverse transfer of stablecoins. It was reported that a total of 14.15 million USDC was withdrawn from trading platforms to addresses linked to Hayes.
Thus, it was noteworthy that not only were altcoins being sent to platforms, but also dollar-denominated assets were being returned to wallets. EmberCN interpreted these movements as an indication that the selling process was continuing.
The assets being tracked include Ethereum, $ENA, UNI, ETHFI, AERO, PENDLE, and ZAMA. Today’s new transaction specifically involved a transfer of 14 million $ENA tokens.
The analyst also shared the link to the addresses associated with Hayes in their research. The disclosed $28.81 million represents the total of transfers spread over two days, with the value of ENAs sent today accounting for approximately $2.73 million of that amount.
*This is not investment advice.
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