Arthur Hayes has invested $1.06 million in ENA.
\nThe BitMEX co-founder now holds 7.76M ENA coins, worth approximately $3.73M.
\nThe altcoin has gained nearly 20% in the past 24 hours.<\/p>\n
Digital tokens traded in the red on Friday as bears dominated amid intensifying profit-booking.<\/p>\n
Meanwhile, Ethena was among the few tokens decoupling from the downside wave.<\/p>\n
Amid the prevailing selling pressure in the cryptocurrency market, ENA has rallied from yesterday\u2019s intraday low of $0.4268 to $0.5088 on Friday.<\/p>\n
That means an around 19% surge, which has attracted attention amidst prevailing downtrends.<\/p>\n
Ethena\u2019s rebound has coincided with a massive purchase from BitMEX co-founder Arthur Hayes.<\/p>\n
According to Lookonchain, the American entrepreneur has scooped 2.16 million ENA tokens today, worth approximately $1.03 million.<\/p>\n
Arthur Hayes(@CryptoHayes<\/a>) bought 2.16M $ENA<\/a>($1.03M) today from #Binance<\/a>, #GalaxyDigital<\/a>, #Flowdesk<\/a>, and currently holds 7.76M $ENA<\/a>($3.73M).https:\/\/t.co\/1HymJROJmL<\/a> pic.twitter.com\/uB1DWSU2JP<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) July 25, 2025<\/a><\/p>\n\n The transactions come as the digital token plunged 25% from the Monday high of $0.5812 to yesterday\u2019s $0.4307.<\/p>\n Meanwhile, the considerable buy demonstrates Hayes\u2019s conviction in Ethena\u2019s future potential.<\/p>\n Furthermore, he did not use one platform to complete the purchases.<\/p>\n The investor sourced his ENA from Binance, Flowdesk, and Galaxy Digital.<\/p>\n That depicts how he strategically uses various liquidity providers to secure his cryptocurrency investments.<\/p>\n Recently, Hayes made headlines for using Flowdesk to acquire AAVE and Lido tokens<\/a> in an over-the-counter purchase.<\/p>\n The timing and size of the purchase signal trust in the project\u2019s long-term value.<\/p>\n Hayes capitalized on discounted prices to add to his holdings despite prevailing market volatility.<\/p>\n The latest accumulation sent his balance to 7.76 million ENA tokens, worth approximately $3.73 million.<\/p>\n Ethena allows users to access DeFi yields and a synthetic dollar, USDe.<\/p>\n It has gained increased traction lately, with its circulating supply topping $6 billion.<\/p>\n USDe supply is back to all-time-highs >$6,000,000,000<\/p>\n We are now entering supply discovery, please fasten your seatbelts pic.twitter.com\/DGnMTmCCg5<\/a><\/p>\n \u2014 Ethena Labs (@ethena_labs) July 20, 2025<\/a><\/p>\n\n While not all market participants follow fundamentals, Hayes\u2019s involvement is adequate to influence sentiments.<\/p>\n The latest purchase could magnify trust in the project and attract more investors to the Ethena ecosystem.<\/p>\n Retail and some institutional players use such indicators to increase their balances or re-enter the market.<\/p>\n That seems to be paying out as ENA witnessed increased attention, bullish sentiments, and spiked volumes hours after Hayes\u2019s purchase.<\/p>\n Ethena\u2019s Open Interest gas increased by 16% to $835.17 million, while volume soared 15% to $2.83 billion (Coinglass data<\/a>). Moreover, the 1.0276 24H long\/short ratio shows that most traders are bullish as they bet on price recoveries.<\/p>\n The native token traded in green amidst the optimistic developments.<\/p>\n ENA hovers at $0.4933 after correcting from intraday highs.<\/p>\n\n The rally came even as bears dominated the cryptocurrency space, with Bitcoin down 2% in the past day to press time\u2019s $115,150.<\/p>\n Meanwhile, the $117,000 \u2013 $119,700 zone remains crucial for BTC\u2019s directional trajectory.<\/p>\n A decisive candlestick closing outside this range will pave the way for the next significant move.<\/p>\n Ethena\u2019s current outlook reflects how major players can influence sentiments and prices in the digital tokens industry.<\/p>\n Bullish enthusiasts will watch ENA\u2019s performance in the upcoming sessions to see how timely Hayes\u2019 purchase is.<\/p>\n The post Ethena surges 20% after Arthur Hayes scoops up 2M ENA tokens<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Arthur Hayes has invested $1.06 million in ENA. The BitMEX co-founder now holds 7.76M ENA coins, worth approximately $3.73M. The altcoin has gained nearly 20% in the past 24 hours. Digital tokens traded in the red on Friday as bears dominated amid intensifying profit-booking. Meanwhile, Ethena was among the few tokens decoupling from the downside […]<\/p>\n","protected":false},"author":0,"featured_media":4380,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[101],"tags":[],"class_list":{"0":"post-4379","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4379"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4379\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4380"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Hayes\u2019s confidence in Ethena<\/h2>\n
ENA price outlook<\/h2>\n