Arthur Hayes invested $11.21 million in Ethena (ENA) token, purchasing 16.79 million tokens in the last two days. This move adds ETH, PENDLE, FLOWER and now ENA to Hayes’ crypto portfolio. The price of Ethena (ENA) has also increased by 36% in recent days, with open interest increasing by 23% to $374 million. Here are all the details...$ENA
Ethena (ENA) has seen a huge price increase recently. Over the past 24 hours, ENA has gained more than 30% and reached as high as $0.7588. However, by the end of the day, the token pulled back a bit and was trading at $0.7213. Still, there was a 14.13% increase during the day. ENA has gained around 36% in recent days, which has attracted the attention of major players in the crypto world. In particular, BitMEX co-founder Arthur Hayes has shown interest in ENA and increased his investment, which sent a strong message of confidence in the future of the token.$PENDLE
Hayes has now acquired 16.79 million ENA tokens by shifting his assets from Aethir (ATH) token to Ethena. According to blockchain analytics platform Lookonchain, Hayes has accumulated $11.21 million worth of ENA tokens over the past two days. This strategic investment has caught the attention of the crypto community and underscores Hayes’ confidence in ENA’s potential. Although Hayes did not explain the reasons for this investment, many have interpreted the move as meaningful considering ENA’s growth opportunities.
ENA’s recent performance is also remarkable. The total locked value (TVL) of the Ethena blockchain has reached $4.09 billion. With Hayes’ investment move, it seems that confidence in ENA has increased and the token’s potential is appreciated. In addition, the ENA price has recently increased by approximately 12%, rising to $0.71. According to Coinglass data, ENA’s open positions increased by 23% to $374 million, while liquidations increased to $1.29 million. This increase is considered a positive signal for investors.
The Relative Strength Index (RSI) is currently approaching 60, suggesting that buying momentum is increasing for ENA and the risk of being overbought is currently low. These positive indicators provide a strong foundation for ENA’s future price action and market acceptance. This endorsement from Hayes could signal the start of a new era for ENA.