🐳 Arthur Hayes is dumping again

On-chain data just showed that BitMEX founder Arthur Hayes transferred another 14 million ENA to Cumberland, worth about $2.73 million.

Translation: when a whale transfers tokens to a market maker, they’re usually about to sell.

This isn’t the first time he’s done this—he’s already made several transfers.

Guys, can you really make money by following whales? Or is a whale dumping actually a sign that the market has bottomed?

$BTC $ETH #ArthurHayes #ENA