Arthur Hayes Goes on Ethena Buying Spree, Issues Massive Price Target
The post Arthur Hayes Goes on Ethena Buying Spree, Issues Massive Price Target appeared on BitcoinEthereumNews.com. Key Insights: Arthur Hayes buys an additional 1.34 million Ethena (ENA) tokens. Arthur Hayes predicted ENA to hit $1.5 per token. StablecoinX raised $530 million via a PIPE financing round for its ENA accumulation strategy. BitMEX co-founder and Maelstrom Fund CIO Arthur Hayes has continued to buy more Ethena (ETH) tokens. Hayes has even predicted a bullish price for Ethena, citing positive technicals. Alongside this move, StablecoinX has announced an additional $530 million capital raise as part of its ENA accumulation strategy. As a result, ENA price has rallied around 10% today, indicating strong market confidence. Arthur Hayes’ Latest Ethena Purchase As disclosed by Lookonchain, Hayes spent 1.02 million USDC to buy 1.34 million ENA tokens in the past 8 hours. This purchase pushed his total holdings to 4.45 million ENA tokens, valued at approximately $3.48 million. ENA is the governance token for the Ethena protocol, which focuses on a synthetic dollar ecosystem. Hayes’ significant investment in ENA suggests confidence in the project’s potential. The latest purchase comes after Hayes purchased 3.1 million ENA tokens, valued at approximately $2.48 million. Arthur Hayes Buying Ethena | Source: Lookonchain According to Lookonchain, Hayes acquired the ENA tokens in five days, alongside Ethereum and other ecosystem tokens, including LDO, PENDLE, HYPE, and ETHFI. Hayes bought 1,750 ETH for $7.43 million, 58,631 HYPE, 1.29 million LDO, and 184,610 PENDLE. These purchases reflect a diversified strategy, focusing on Ethereum and DeFi-related tokens. Hayes began accumulating ENA back in 2024. In November 2024, the BitMEX co-founder withdrew 10.36 million ENA tokens, worth approximately $7.49 million, from Binance. This transaction was good at timing as he locked down an unrealized profit of $1.14 million. Can ENA Price Hit $1.5? In a recent X post, Hayes has predicted that Ethena could hit the $1.5 milestone, citing technically bullish…
The post Arthur Hayes Goes on Ethena Buying Spree, Issues Massive Price Target appeared on BitcoinEthereumNews.com.
Key Insights: Arthur Hayes buys an additional 1.34 million Ethena (ENA) tokens. Arthur Hayes predicted ENA to hit $1.5 per token. StablecoinX raised $530 million via a PIPE financing round for its ENA accumulation strategy. BitMEX co-founder and Maelstrom Fund CIO Arthur Hayes has continued to buy more Ethena (ETH) tokens. Hayes has even predicted a bullish price for Ethena, citing positive technicals. Alongside this move, StablecoinX has announced an additional $530 million capital raise as part of its ENA accumulation strategy. As a result, ENA price has rallied around 10% today, indicating strong market confidence. Arthur Hayes’ Latest Ethena Purchase As disclosed by Lookonchain, Hayes spent 1.02 million USDC to buy 1.34 million ENA tokens in the past 8 hours. This purchase pushed his total holdings to 4.45 million ENA tokens, valued at approximately $3.48 million. ENA is the governance token for the Ethena protocol, which focuses on a synthetic dollar ecosystem. Hayes’ significant investment in ENA suggests confidence in the project’s potential. The latest purchase comes after Hayes purchased 3.1 million ENA tokens, valued at approximately $2.48 million. Arthur Hayes Buying Ethena | Source: Lookonchain According to Lookonchain, Hayes acquired the ENA tokens in five days, alongside Ethereum and other ecosystem tokens, including LDO, PENDLE, HYPE, and ETHFI. Hayes bought 1,750 ETH for $7.43 million, 58,631 HYPE, 1.29 million LDO, and 184,610 PENDLE. These purchases reflect a diversified strategy, focusing on Ethereum and DeFi-related tokens. Hayes began accumulating ENA back in 2024. In November 2024, the BitMEX co-founder withdrew 10.36 million ENA tokens, worth approximately $7.49 million, from Binance. This transaction was good at timing as he locked down an unrealized profit of $1.14 million. Can ENA Price Hit $1.5? In a recent X post, Hayes has predicted that Ethena could hit the $1.5 milestone, citing technically bullish…
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