Arthur

Ethena

Aethir

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/arthur-hayes-drives-ena-price-surge-with-strategic-investments/" data-wpel-link="internal">Arthur Hayes Drives ENA Price Surge with Strategic Investments</a><br></p>
<p style="text-align: justify">Arthur Hayes, co-founder and former CEO of the BitMEX exchange, has significantly influenced the <a href="https://en.coin-turk.com/the-latest-status-of-cryptocurrencies-bitcoin-and-altcoins-current-analysis/" data-wpel-link="internal">cryptocurrency market</a> through his acquisition of the <a href="https://en.coin-turk.com/analyst-nicholas-merten-predicts-a-bullish-trend-for-stacks-on-bitcoin-blockchain/" data-wpel-link="internal">altcoin</a> Ethena (ENA). According to on-chain data, Hayes shifted focus to ENA after selling his Aethir (ATH) assets at a loss. His recent transactions within just two days resulted in a 22.5% increase in ENA’s price, elevating its market capitalization to $2.13 billion.</p> 
<h2 style="text-align: justify" id="strong-ethena-continues-to-gain-momentum-strong"><strong>Ethena Continues to Gain Momentum</strong></h2> 
<p style="text-align: justify">At the end of November, Hayes liquidated all his Aethir holdings, incurring a loss of approximately $815,000. However, he quickly recouped this loss with his investment in ENA, generating a profit of $1.14 million as the altcoin surged. Data from the blockchain tracking platform Spot On Chain reveals Hayes withdrew a total of 16.79 million ENA coins from <a href="https://en.coin-turk.com/binance-in-hot-water-us-authorities-continue-to-press-legal-charges/" data-wpel-link="internal">Binance</a>, purchasing them at an average price of $0.66.</p> 
<figure id="attachment_410631" aria-describedby="caption-attachment-410631" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-410631" src="https://coin-turk.com/wp-content/uploads/2024/11/Altcoin-ENA.jpeg" alt="" width="2150" height="1312">
 <figcaption id="caption-attachment-410631" class="wp-caption-text">
  <a href="https://coin-turk.com/saatler-kala-geldi-binance-o-altcoin-icin-son-dakika-aciklamasi" data-wpel-link="internal">Altcoin</a> ENA
 </figcaption>
</figure> 
<p style="text-align: justify">Meanwhile, activity in the ENA market continues to rise. Coinglass data shows that open interest in ENA has increased by 23%, reaching $374 million, while the total liquidation amount has hit $1.29 million. Short position liquidations amounted to $956,000, and long position liquidations reached $335,000. The total value of locked assets (TVL) in the Ethena network has also increased to $4.09 billion.</p> 
<h2 style="text-align: justify" id="strong-new-record-price-expectations-for-ena-strong"><strong>New Record Price Expectations for ENA</strong></h2> 
<p style="text-align: justify">The critical support level for ENA’s price is set at $0.75. Analysts suggest that if this level is maintained, ENA could rise by 33% to reach $1. Expectations among traders are growing that ENA may test its all-time high of $1.50.</p> 
<p style="text-align: justify">As Ethena Labs expands its user base, it has increased the supply of USDe to $4 billion. This growth may signal new record prices for ENA.</p> 
<p>The post <a href="https://en.coin-turk.com/arthur-hayes-drives-ena-price-surge-with-strategic-investments/" data-wpel-link="internal">Arthur Hayes Drives ENA Price Surge with Strategic Investments</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Arthur Hayes Drives ENA Price Surge with Strategic Investments

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