BitMEX co-founder Arthur Hayes ultimately sold all his ENA holdings from Maelstrom’s directional fund when the token was worth $0.198, 98% below his initial $10 target. He had nevertheless promoted ENA for years, forecasting $10 on April 2, 2024, before raising his target to $1.50 in September 2025. Hayes continued to predict rallies or urge people to buy the token despite its collapse, and even named it his favorite altcoin on December 19. The sale at $0.198 marks the lowest point of his forecasts and contradicts his previous public positions on ENA.
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