{"id":56553,"date":"2025-07-25T13:08:31","date_gmt":"2025-07-25T13:08:31","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethena-surges-20-after-arthur-hayes-scoops-up-2m-ena-tokens\/"},"modified":"2025-07-25T13:08:31","modified_gmt":"2025-07-25T13:08:31","slug":"ethena-surges-20-after-arthur-hayes-scoops-up-2m-ena-tokens","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethena-surges-20-after-arthur-hayes-scoops-up-2m-ena-tokens\/","title":{"rendered":"Ethena surges 20% after Arthur Hayes scoops up 2M ENA tokens"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Arthur Hayes has invested $1.06 million in ENA.<\/li>\n<li>The BitMEX co-founder now holds 7.76M ENA coins, worth approximately $3.73M.<\/li>\n<li>The altcoin has gained nearly 20% in the past 24 hours.<\/li>\n<\/ul>\n<p>Digital tokens traded in the red on Friday as bears dominated amid intensifying profit-booking.<\/p>\n<p>Meanwhile, Ethena was among the few tokens decoupling from the downside wave.<\/p>\n<p>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<p>That means an around 19% surge, which has attracted attention amidst prevailing downtrends.<\/p>\n<p>Ethena\u2019s rebound has coincided with a massive purchase from BitMEX co-founder Arthur Hayes.<\/p>\n<p>According to Lookonchain, the American entrepreneur has scooped 2.16 million ENA tokens today, worth approximately $1.03 million.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Arthur Hayes(<a href=\"https:\/\/twitter.com\/CryptoHayes?ref_src=twsrc%5Etfw\">@CryptoHayes<\/a>) bought 2.16M <a href=\"https:\/\/twitter.com\/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ENA<\/a>($1.03M) today from <a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&amp;ref_src=twsrc%5Etfw\">#Binance<\/a>, <a href=\"https:\/\/twitter.com\/hashtag\/GalaxyDigital?src=hash&amp;ref_src=twsrc%5Etfw\">#GalaxyDigital<\/a>, <a href=\"https:\/\/twitter.com\/hashtag\/Flowdesk?src=hash&amp;ref_src=twsrc%5Etfw\">#Flowdesk<\/a>, and currently holds 7.76M <a href=\"https:\/\/twitter.com\/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ENA<\/a>($3.73M).<a href=\"https:\/\/t.co\/1HymJROJmL\">https:\/\/t.co\/1HymJROJmL<\/a> <a href=\"https:\/\/t.co\/uB1DWSU2JP\">pic.twitter.com\/uB1DWSU2JP<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1948574296554586601?ref_src=twsrc%5Etfw\">July 25, 2025<\/a><\/p>\n<\/blockquote>\n<p>The transactions come as the digital token plunged 25% from the Monday high of $0.5812 to yesterday\u2019s $0.4307.<\/p>\n<p>Meanwhile, the considerable buy demonstrates Hayes\u2019s conviction in Ethena\u2019s future potential.<\/p>\n<p>Furthermore, he did not use one platform to complete the purchases.<\/p>\n<p>The investor sourced his ENA from Binance, Flowdesk, and Galaxy Digital.<\/p>\n<p>That depicts how he strategically uses various liquidity providers to secure his cryptocurrency investments.<\/p>\n<p>Recently, Hayes made headlines for using Flowdesk <a href=\"https:\/\/coinjournal.net\/news\/arthur-hayes-linked-wallet-bags-2m-worth-of-aave-and-ldo-in-an-otc-deal\/\">to acquire AAVE and Lido tokens<\/a> in an over-the-counter purchase.<\/p>\n<h2>Hayes\u2019s confidence in Ethena<\/h2>\n<p>The timing and size of the purchase signal trust in the project\u2019s long-term value.<\/p>\n<p>Hayes capitalized on discounted prices to add to his holdings despite prevailing market volatility.<\/p>\n<p>The latest accumulation sent his balance to 7.76 million ENA tokens, worth approximately $3.73 million.<\/p>\n<p>Ethena allows users to access DeFi yields and a synthetic dollar, USDe.<\/p>\n<p>It has gained increased traction lately, with its circulating supply topping $6 billion.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">USDe supply is back to all-time-highs &gt;$6,000,000,000<\/p>\n<p>We are now entering supply discovery, please fasten your seatbelts <a href=\"https:\/\/t.co\/DGnMTmCCg5\">pic.twitter.com\/DGnMTmCCg5<\/a><\/p>\n<p>\u2014 Ethena Labs (@ethena_labs) <a href=\"https:\/\/twitter.com\/ethena_labs\/status\/1946920623378440503?ref_src=twsrc%5Etfw\">July 20, 2025<\/a><\/p>\n<\/blockquote>\n<p>While not all market participants follow fundamentals, Hayes\u2019s involvement is adequate to influence sentiments.<\/p>\n<p>The latest purchase could magnify trust in the project and attract more investors to the Ethena ecosystem.<\/p>\n<p>Retail and some institutional players use such indicators to increase their balances or re-enter the market.<\/p>\n<p>That seems to be paying out as ENA witnessed increased attention, bullish sentiments, and spiked volumes hours after Hayes\u2019s purchase.<\/p>\n<p>Ethena\u2019s Open Interest gas increased by 16% to $835.17 million, while volume soared 15% to $2.83 billion (<a href=\"https:\/\/www.coinglass.com\/currencies\/ENA\">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<h2>ENA price outlook<\/h2>\n<p>The native token traded in green amidst the optimistic developments.<\/p>\n<p>ENA hovers at $0.4933 after correcting from intraday highs.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-324523\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/07\/ENA-1D-Chart-on-Coinmarketcap.jpg\" alt=\"\" width=\"1066\" height=\"367\"\/><\/p>\n<p>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<p>Meanwhile, the $117,000 \u2013 $119,700 zone remains crucial for BTC\u2019s directional trajectory.<\/p>\n<p>A decisive candlestick closing outside this range will pave the way for the next significant move.<\/p>\n<p>Ethena\u2019s current outlook reflects how major players can influence sentiments and prices in the digital tokens industry.<\/p>\n<p>Bullish enthusiasts will watch ENA\u2019s performance in the upcoming sessions to see how timely Hayes\u2019 purchase is.<\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-4.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ethena-surges-20-after-arthur-hayes-scoops-up-2m-ena-tokens\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) 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 [&hellip;]<\/p>\n","protected":false},"author":3947362363,"featured_media":56554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56553"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362363"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=56553"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/56554"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=56553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=56553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=56553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}