Allocates Additional $1 Million in ENA Tokens: Arthur Hayes Sees Potential 42% Growth Signal
In a move that signals a broader focus on Ethereum and its ecosystem, Arthur Hayes, co-founder of BitMEX, has made significant investments in Ethena (ENA) tokens. By late July 2025, Hayes has amassed a total of 7.76 million ENA tokens, valued at approximately $3.7 million.
The purchases, made through Binance, Galaxy Digital, and Flowdesk, have had a noticeable impact on ENA's price. Following Hayes' $1 million purchase of 2.16 million ENA tokens, the token surged by up to 27%, with increased trading volumes exceeding $1 billion daily.
Hayes' subsequent purchase of 4.2 million additional tokens, worth around $1.5 million, further propelled ENA's price, pushing it from around $0.22 to $0.50 and beyond, representing a significant percentage increase over a short period.
The market's reaction to Hayes' investments has been positive, with increased interest and speculative trading. This has led to a growth in liquidity and investor interest, particularly as Ethena prepares for a $360 million SPAC listing aimed at bridging DeFi projects with traditional capital markets.
Hayes himself has expressed a bullish outlook on ENA, predicting the token could eventually reach $1, implying a potential 100% upside from current levels. Analysts view his investments as a catalyst amplifying this optimism, contributing to ENA's recent price rally and drawing attention to Ethena’s expanding ecosystem.
The Accumulation/Distribution line is climbing, suggesting that large players are stacking rather than selling. The MACD has also flashed a bullish crossover, and the Chaikin Money Flow (CMF) remains in positive territory, indicating steady inflows. The RSI is at 54.77, neutral but with room to run.
Moreover, a new wallet, now the fourth-largest ENA holder, withdrew 1.23 billion ENA worth $567 million from Coinbase Prime. This withdrawal sparked bullish conversations in the digital asset space, contributing to ENA's 10% surge in the past 24 hours and 20% surge on July 24. As a result, Hayes is sitting on comfortable unrealized profits.
In summary, Arthur Hayes' large-scale purchase activity appears to have been both a symptom and a cause of heightened market enthusiasm, fueling ENA's recent price rally and drawing attention to Ethena’s expanding ecosystem.
| Aspect | Details | |---------------------------------|--------------------------------------------------------------| | Total ENA holdings by Hayes | 7.76 million tokens (~$3.7 million) | | Largest recent purchases | 4.2 million tokens for $1.5 million; 2.16 million for $1.06 million| | Impact on price | Surge from ~$0.22 to $0.50+ (8%-27% spikes reported) | | Market reaction | Trading volume soared above $1 billion daily | | Strategic context | Ethena's Anchorage partnership and $360M SPAC listing plans | | Hayes’ outlook | Strong bullish, expects ENA to reach $1 |
This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. It is important to verify information and consult with a professional before making any decisions based on this content.
- Arthur Hayes, with his significant investments in Ethena (ENA) tokens, primarily through Binance, Galaxy Digital, and Flowdesk, has leveraged his influence in the finance sector to drive technological innovation within Ethena's ecosystem, resulting in a surge in ENA's price.
- The market's interest in ENA, fueled by Hayes' bullish outlook and large-scale purchases, has escalated quickly, with analysts viewing his investments as a catalyst that amplifies optimism, propelling ENA's recent price rally and attracting further investor attention.
