Arthur Hayes has invested $1.06 million in ENA.
The BitMEX co-founder now holds 7.76M ENA cash, price roughly $3.73M.
The altcoin has gained practically 20% previously 24 hours.
Digital tokens traded within the crimson on Friday as bears dominated amid intensifying profit-booking.
In the meantime, Ethena was among the many few tokens decoupling from the draw back wave.
Amid the prevailing promoting strain within the cryptocurrency market, ENA has rallied from yesterday’s intraday low of $0.4268 to $0.5088 on Friday.
Meaning an round 19% surge, which has attracted consideration amidst prevailing downtrends.
Ethena’s rebound has coincided with a large buy from BitMEX co-founder Arthur Hayes.
In response to Lookonchain, the American entrepreneur has scooped 2.16 million ENA tokens as we speak, price roughly $1.03 million.
Arthur Hayes(@CryptoHayes) purchased 2.16M $ENA($1.03M) as we speak from #Binance, #GalaxyDigital, #Flowdesk, and presently holds 7.76M $ENA($3.73M).https://t.co/1HymJROJmL pic.twitter.com/uB1DWSU2JP
— Lookonchain (@lookonchain) July 25, 2025
The transactions come because the digital token plunged 25% from the Monday excessive of $0.5812 to yesterday’s $0.4307.
In the meantime, the appreciable purchase demonstrates Hayes’s conviction in Ethena’s future potential.
Moreover, he didn’t use one platform to finish the purchases.
The investor sourced his ENA from Binance, Flowdesk, and Galaxy Digital.
That depicts how he strategically makes use of numerous liquidity suppliers to safe his cryptocurrency investments.
Lately, Hayes made headlines for utilizing Flowdesk to amass AAVE and Lido tokens in an over-the-counter buy.
Hayes’s confidence in Ethena
The timing and dimension of the acquisition sign belief within the challenge’s long-term worth.
Hayes capitalized on discounted costs so as to add to his holdings regardless of prevailing market volatility.
The newest accumulation despatched his steadiness to 7.76 million ENA tokens, price roughly $3.73 million.
Ethena permits customers to entry DeFi yields and an artificial greenback, USDe.
It has gained elevated traction these days, with its circulating provide topping $6 billion.
USDe provide is again to all-time-highs >$6,000,000,000
We are actually getting into provide discovery, please fasten your seatbelts pic.twitter.com/DGnMTmCCg5
— Ethena Labs (@ethena_labs) July 20, 2025
Whereas not all market individuals observe fundamentals, Hayes’s involvement is enough to affect sentiments.
The newest buy might amplify belief within the challenge and entice extra traders to the Ethena ecosystem.
Retail and a few institutional gamers use such indicators to extend their balances or re-enter the market.
That appears to be paying out as ENA witnessed elevated consideration, bullish sentiments, and spiked volumes hours after Hayes’s buy.
Ethena’s Open Curiosity fuel elevated by 16% to $835.17 million, whereas quantity soared 15% to $2.83 billion (Coinglass information). Furthermore, the 1.0276 24H lengthy/quick ratio reveals that the majority merchants are bullish as they guess on worth recoveries.
ENA worth outlook
The native token traded in inexperienced amidst the optimistic developments.
ENA hovers at $0.4933 after correcting from intraday highs.
The rally got here whilst bears dominated the cryptocurrency area, with Bitcoin down 2% previously day to press time’s $115,150.
In the meantime, the $117,000 – $119,700 zone stays essential for BTC’s directional trajectory.
A decisive candlestick closing exterior this vary will pave the way in which for the following vital transfer.
Ethena’s present outlook displays how main gamers can affect sentiments and costs within the digital tokens trade.
Bullish lovers will watch ENA’s efficiency within the upcoming classes to see how well timed Hayes’ buy is.
