Arthur Hayes-linked address deposits $1M in ENA, PENDLE to FalconX

An address presumed to belong to BitMEX co-founder Arthur Hayes deposited $500,000 worth of ENA and $500,000 worth of PENDLE into FalconX about 12 minutes ago, Onchainlens reported. The same address had also deposited $980,000 worth of LDO to FalconX eight hours prior. Deposits to exchanges are typically interpreted as a precursor to selling.