Arthur Hayes profited 7.7 million USD by selling ENA tokens at 0.7 USD after accumulating 16.79 million tokens. This rapid sale followed a 25% surge in ENA prices, raising questions about potential market manipulation.

He retains 9.96 million ENA tokens valued at 11.7 million USD, with stakes generating a total profit of 8.71 million USD, representing a 78% gain, further complicating his position in the ongoing market scrutiny.

Hayes faced accusations of market manipulation due to his timely sale following a favorable tweet about Ethena. Despite claims of financial acumen, his controversial history raises ethical concerns regarding investment transparency.