25.07.2025 09:06

Arthur Hayes, the co-founder of BitMEX, has significantly boosted the price of Ethena (ENA) with a substantial investment. His purchase of 2.16 million ENA tokens, totaling approximately $1.03 million, propelled the altcoin's price upwards by nearly 20% in a single day, reaching $0.5088 from a 24-hour low of $0.4268. This remarkable surge contrasts sharply with the overall downturn experienced by many other digital tokens on Friday, as profit-taking led to widespread selling.

This considerable investment, sourced from multiple exchanges including Binance, Flowdesk, and Galaxy Digital, showcases Hayes's strategic approach to accumulating cryptocurrencies. He clearly capitalized on the recent price dip, buying ENA at a discounted rate following a 25% drop from its Monday high of $0.5812 to a low of $0.4307 the previous day. His actions demonstrate a strong belief in Ethena's long-term prospects and a sophisticated method of leveraging diverse liquidity providers. This follows a similar recent strategy employing Flowdesk to purchase AAVE and Lido tokens.

The sheer scale of Hayes's investment, bringing his total ENA holdings to 7.76 million tokens valued at approximately $3.73 million, has undeniably influenced ENA's performance. This substantial commitment underlines Hayes's confidence in Ethena's potential. The platform itself offers users access to decentralized finance (DeFi) yields and a synthetic dollar, USDe, further adding to its appeal and contributing to its growing market capitalization, which recently exceeded $6 billion. Further details regarding the USDe supply were unavailable from the internet sources.