Token

Arthur

Ethena

Aethir

<p>Arthur Hayes, the co-founder of BitMEX, has made a bold move in the crypto market by investing $11.21 million in <strong>Ethena (ENA)</strong> tokens. Over the past two days, Hayes acquired 16.79 million ENA tokens, signaling his confidence in the project’s potential. The move has drawn significant attention, especially as ENA’s price has surged by 36% in recent days, with a notable 30% spike in the last 24 hours alone.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TBJ&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-67567 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Arthur Hayes’ New Favorite Crypto: ENA Token Surges 36% = The Bit Journal" width="728" height="90" title="Arthur Hayes’ New Favorite Crypto: ENA Token Surges 36% 59"></a></p> 
<h2 id="ena-s-remarkable-price-surge">ENA’s Remarkable Price Surge</h2> 
<p>Ethena has seen dramatic price action recently. The token reached a peak of $0.7588 before slightly retreating, but it still trades at $0.7213 as of publication, reflecting a daily gain of 14.13%. This impressive performance has made <strong>ENA token</strong> a focal point for investors.</p> 
<p>Blockchain analytics platform Lookonchain revealed that Hayes shifted his investments from Aethir (ATH) to Ethena, accumulating tokens worth $11.21 million. While Hayes has not disclosed his motivations publicly, analysts speculate that he sees significant growth opportunities in the ENA ecosystem. Ethena’s total value locked (TVL) has climbed to $4.09 billion, further reinforcing the token’s potential.</p> 
<h2 id="hayes-diversified-portfolio">Hayes’ Diversified Portfolio</h2> 
<p>Arthur Hayes is not solely focused on ENA. His portfolio includes <strong>Ethereum (ETH)</strong>, <strong>PENDLE</strong>, <strong>FLOWER</strong>, <strong>EETH</strong>, and <strong>SUSDE</strong>, demonstrating a broad interest in the crypto market. Despite this diversification, Ethena has recently emerged as a standout performer, with open interest rising 23% to $374 million, according to Coinglass data.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-72439 aligncenter" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/11/image-157.jpg" alt="Arthur Hayes’ New Favorite Crypto: ENA Token Surges 36% = The Bit Journal" width="667" height="843" title="Arthur Hayes’ New Favorite Crypto: ENA Token Surges 36% 60"></p> 
<h2 id="market-dynamics-ena-s-promising-metrics">Market Dynamics: ENA’s Promising Metrics</h2> 
<p>ENA’s Relative Strength Index (RSI) has risen toward 60, indicating increasing buying momentum while minimizing the risk of overbought conditions. Liquidations reached $1.29 million in the last 24 hours, including $335,000 in long positions and $956,000 in short positions. This volatility reflects growing activity and interest in the <strong>Ethena blockchain</strong>, which is quickly gaining traction.</p> 
<h2 id="the-bigger-picture">The Bigger Picture</h2> 
<p>Arthur Hayes’ endorsement of <a href="https://thebitjournal.com/ethena-bridges-defi-and-traditional-finance-wit/" target="_blank" rel="noopener">ENA</a> marks a turning point for the token. His significant investment, coupled with ENA’s strong performance metrics, has piqued the interest of the broader crypto community. As Ethena continues to expand its ecosystem and attract attention from major players, it’s clear that ENA is poised for further growth.</p> 
<ul> 
 <li><a href="https://twitter.com/Thebitjournal_" target="_blank" rel="noopener nofollow">https://twitter.com/Thebitjournal_</a></li> 
 <li><a href="https://www.linkedin.com/company/the-bit-journal/" target="_blank" rel="noopener nofollow">https://www.linkedin.com/company/the-bit-journal/</a></li> 
 <li><a href="https://t.me/thebitjournal" target="_blank" rel="noopener nofollow">https://t.me/thebitjournal</a></li> 
</ul> 
<p>Folgen Sie uns auf Twitter und LinkedIn und treten Sie unserem Telegram-Kanal bei, um sofort über aktuelle Nachrichten informiert zu werden!</p>

Arthur Hayes’ New Favorite Crypto: ENA Token Surges 36%

Table of Contents

The Bit Journal

Other articles published on Nov 28, 2024

Record Inflows Boost Bitcoin and Ethereum ETFs

Bitwise Files For 10 Crypto Index ETFs, Gets Investment From Ripple for XRP ETF

Bitcoin Demand Growth Accelerates After Recent Price Correction

Base Hits New ATH in Daily Transactions, Surpassing All Other L2s

Solana Faces Headwinds as Short Positions Mount After All-Time High

Solana’s Strategic Edge: Outpacing Ethereum in Stability and Utility

Join our free newsletter for daily crypto updates!