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 almost 20% up to now 24 hours.
Digital tokens traded within the purple 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 stress 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 accordance with Lookonchain, the American entrepreneur has scooped 2.16 million ENA tokens right this moment, price roughly $1.03 million.
Arthur Hayes(@CryptoHayes) purchased 2.16M $ENA($1.03M) right this moment from #Binance, #GalaxyDigital, #Flowdesk, and at the moment 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 varied liquidity suppliers to safe his cryptocurrency investments.
Not too long ago, 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 venture’s long-term worth.
Hayes capitalized on discounted costs so as to add to his holdings regardless of prevailing market volatility.
The most recent 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 coming into provide discovery, please fasten your seatbelts pic.twitter.com/DGnMTmCCg5
— Ethena Labs (@ethena_labs) July 20, 2025
Whereas not all market members comply with fundamentals, Hayes’s involvement is ample to affect sentiments.
The most recent buy might enlarge belief within the venture and entice extra buyers 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 gasoline elevated by 16% to $835.17 million, whereas quantity soared 15% to $2.83 billion (Coinglass knowledge). Furthermore, the 1.0276 24H lengthy/brief ratio exhibits 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 at the same time as bears dominated the cryptocurrency area, with Bitcoin down 2% up to now 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 outdoors this vary will pave the best way for the following important transfer.
Ethena’s present outlook displays how main gamers can affect sentiments and costs within the digital tokens business.
Bullish fanatics will watch ENA’s efficiency within the upcoming periods to see how well timed Hayes’ buy is.
