Token

Arthur

Ethena

Aethir

<p><a href="https://coinpedia.org/price-prediction/ethena-ena-price-prediction/" target="_blank" rel="noreferrer noopener">Ethena (ENA) has surged nearly 36%</a> in recent days, grabbing the spotlight in the crypto world. But it’s not just the numbers that have everyone talking—it’s who’s backing the token.</p>   
<p>Arthur Hayes, the co-founder of BitMEX and a prominent figure in the crypto space, has made a bold move by pouring millions into ENA. With 16.79 million tokens worth $11.21 million now in his portfolio, Hayes is signaling major confidence in the market. </p>   
<p>Let’s dive into the details to uncover what might be fueling this calculated bet.</p>   
<h2 class="wp-block-heading" id="h-from-aethir-to-ethena-why">From Aethir to Ethena - Why? </h2>   
<p>According to blockchain analytics platform Lookonchain, Hayes has moved his investments from Aethir (ATH) to Ethena (ENA) over the past two days. </p>   
<p>This major allocation of 16.79 million ENA tokens has captured the crypto community’s attention, sparking questions about his motives and ENA’s future prospects.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   https://twitter.com/lookonchain/status/1861947887921570162 
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<p>Although Hayes hasn’t publicly explained his reasons, speculation suggests he sees significant growth potential in ENA. This high-profile investment could boost the token’s credibility and market appeal.</p>   
<h2 class="wp-block-heading" id="h-hayes-diverse-crypto-portfolio">Hayes’ Diverse Crypto Portfolio</h2>   
<p>Hayes’ focus on Ethena doesn’t mean he’s narrowing his investment scope. His portfolio includes other cryptocurrencies like Ethereum (ETH), FLOWER, EETH, SUSDE, and PENDLE, reflecting his diverse approach to the <a href="https://coinpedia.org/news/crypto-price-today-nov-28th-2024-bitcoin-soars-past-95k-ens-leads-the-top-100-gainers/" target="_blank" rel="noreferrer noopener">crypto market</a>.</p>   [post_titles_links postid="386458"]   
<h2 class="wp-block-heading" id="h-ethena-s-strong-market-performance">Ethena’s Strong Market Performance</h2>   
<p>Ethena (ENA) has been performing strongly in the market recently, seeing a notable surge of around 12%, rising by $0.71. Coinglass data report that ENA's open interest has increased by 23%, reaching <a href="https://www.coinglass.com/currencies/ENA" target="_blank" rel="noreferrer noopener nofollow">$374 million</a>. Meanwhile, liquidations have also surged to $1.29 million, with $335,000 in long liquidations and $956,000 in short liquidations.</p>   
<p>Technical indicators suggest Ethena’s rally could continue. The <a href="https://coinpedia.org/traders/what-is-relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index</a> (RSI) is nearing the 60 mark, indicating growing buying interest without signaling overbought conditions.</p>   
<p><strong>The spotlight is now firmly on Ethena. Hayes' bet has certainly raised the stakes! </strong></p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732790612295">
  <strong class="schema-faq-question"><strong><strong>Is Ethena a good investment?</strong></strong></strong> 
  <p class="schema-faq-answer">Yes, Ethena might definitely be a good investment, if you are looking to invest for the long term.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732790690312">
  <strong class="schema-faq-question"><strong><strong>What is Ethena?</strong></strong></strong> 
  <p class="schema-faq-answer">Ethena is a synthetic dollar and internet-native yield platform built on Ethereum. At the core of Ethena’s ethos lies USDe, a synthetic dollar designed to promote stability and scalability within the DeFi ecosystem.&nbsp;</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732790705745">
  <strong class="schema-faq-question"><strong><strong>How much is Ethena worth?</strong></strong></strong> 
  <p class="schema-faq-answer">At the time of writing, the price of 1 ENA crypto was $0.7247.</p> 
 </div> 
</div>

BitMEX’s Arthur Hayes Invests $11M in Ethena (ENA) Amid 36% Jump

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