Arthur Hayes sold ENA 98% below his profit target
- —Hayes announced the sale of Maelstrom's entire ENA position on Saturday
- —Exit came below $0.20 versus his $10 target set in April 2024
- —In September 2025 he urged followers to buy ENA and called it his favorite altcoin
- —ENA traded near $0.198 when the exit was disclosed
Why it matters: A high-profile reversal by a major influencer underscores Ethena's weakness and the gap between his forecasts and actual price action.
Source: Protos