Ethena's ENA holds key support as Arthur Hayes moves 3.63 million tokens to exchanges

Arthur Hayes transferred about 3.63 million ENA, worth roughly $487K, to Galaxy and Binance while the token traded under pressure near a key support area. ENA remains inside a descending regression channel around $0.130, with downside momentum fading as buyers absorb new exchange supply and a large cluster of short liquidations sits above spot.