Arthur

USDe

Ethena

Aethir

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/arthur-hayes-boosts-ena-prices-with-investments" data-wpel-link="internal" rel="noopener noreferrer nofollow">Arthur Hayes Boosts ENA Prices with Investments</a><br></p>
<p style="text-align: justify">Arthur Hayes, the co-founder and former CEO of BitMEX, has made a notable impact on the cryptocurrency landscape by investing in the altcoin Ethena (ENA). Recent on-chain analysis indicates that after selling his Aethir (ATH) assets at a loss, Hayes strategically pivoted to ENA. His swift transactions over a two-day period led to a remarkable 22.5% increase in ENA’s value, raising its market cap to $2.13 billion.</p>
<h2 style="text-align: justify" id="strong-how-did-hayes-recover-from-losses-strong"><strong>How Did Hayes Recover from Losses?</strong></h2>
<p style="text-align: justify">Despite liquidating his Aethir holdings at an approximate loss of $815,000 at the end of November, Hayes swiftly turned his fortunes around with his ENA investment, which netted him a profit of $1.14 million as the altcoin surged in value. Data from Spot On Chain reveals that he withdrew 16.79 million ENA coins from <a href="https://en.bitcoinhaber.net/changpeng-zhao-evaluates-stake-sale-in-binance" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, purchasing them at an average price of $0.66.</p>
<h2 style="text-align: justify" id="strong-what-are-the-market-trends-for-ena-strong"><strong>What Are the Market Trends for ENA?</strong></h2>
<p style="text-align: justify">Market enthusiasm for ENA remains high, reflected by a 23% increase in open interest, bringing it to $374 million. Liquidations are also notable, with short positions amounting to $956,000 and long positions at $335,000. The total value locked in the Ethena network has risen to $4.09 billion, indicating a healthy market environment.</p>
<p style="text-align: justify">Key insights from this situation include:</p>
<ul style="text-align: justify">
 <li>Hayes’s transition from Aethir to Ethena significantly boosted ENA’s price.</li>
 <li>Current support for ENA sits at $0.75, crucial for future growth.</li>
 <li>Traders anticipate a potential rise of 33%, aiming for a price of $1.</li>
 <li>ENA could reach its all-time high of $1.50 if positive trends continue.</li>
</ul>
<p style="text-align: justify">With Ethena Labs expanding its offerings, including an increased supply of USDe to $4 billion, the prospects for ENA appear promising, potentially leading to new record prices in the near future.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/arthur-hayes-boosts-ena-prices-with-investments" data-wpel-link="internal" rel="noopener noreferrer nofollow">Arthur Hayes Boosts ENA Prices with Investments</a></h5>

Arthur Hayes Boosts ENA Prices with Investments

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