Ethena increases by 20%after Arthur Hayes bought 2 million ena-token

• Arthur Hayes invested $ 1.06 million in ENA.
• The Bitmex co-founder now holds 7.76 million ENA coins worth around $ 3.73 million.
• The Altcoin has increased by almost 20% in the last 24 hours.

Digital tokens were traded in the minus on Friday because the bears dominated increasing profit bookings in the middle.

In the meantime, Ethena was one of the few tokens that decoupled from the downward shaft.

In the middle of the prevailing sales pressure on the cryptocurrency market, ENA recovered from yesterday’s intraday low from $ 0.4268 to $ 0.5088 on Friday.

This means an increase of around 19 %, which has attracted attention in the middle of the prevailing downward trend.

The recovery of Ethena fell together with a massive purchase of Bitmex co-founder Arthur Hayes.

According to the Lookonchain, the American entrepreneur has now received 2.16 million ENA-tokens worth around $ 1.03 million.

Arthur Hayes(@CryptoHayes) bought 2.16M $ This($1.03M) today from #Binance, #GalaxyDigital, #Flowdeskand currently holds 7.76M $ This($ 3.73M).https://t.co/1HymJROJmL pic.twitter.com/uB1DWSU2JP

— Lookonchain (@lookonchain) July 25, 2025

The transactions come at a time when the digital token from the Monday high of $ 0.5812 to $ 0.4307 fell by 25% on Monday.

In the meantime, the considerable purchase of Hayes’ conviction of the future potential of Ethena shows.

In addition, he did not use a platform to complete the purchases.

The investor moved into his Ena from Binance, FlowDesk and Galaxy Digital.

This shows how he strategically uses various liquidity providers to secure his cryptocurrency investments.

Hayes recently made headlines because he used to use Aave and Lido token to acquire in an out -of -the -counter purchase.

Hayes’ trust in Ethena

The time and size of the purchase signal trust in the long -term value of the project.

Hayes benefited from the reduced prices to increase his stocks despite the prevailing market volatility.

Due to the latest accumulation, its credit rose to 7.76 million ENA tokens worth around $ 3.73 million.

Ethena enables users access to defi returns and a synthetic dollar.

It has recently gained traction with a circulating range of over $ 6 billion.

USDe supply is back to all-time-highs >$6,000,000,000

We are now entering supply discovery, please fasten your seatbelts pic.twitter.com/DGnMTmCCg5

— Ethena Labs (@ethena_labs) July 20, 2025

Even if not all market participants follow the fundamental data, Hayes’ participation is sufficient to influence the mood.

The recent purchase could strengthen confidence in the project and win more investors for the Ethena ecosystem.

Private investors and some institutional actors use such indicators to increase their credit or to get back into the market.

This seems to be paid out because ENA experienced hours after buying Hayes an increased attention, an optimistic mood and an increase in volume.

Ethena’s open interest gas rose by 16 % to $ 835.17 million, while the volume rose by 15 % to $ 2.83 billion (Coinglass data). In addition, the long/short ratio of 1.0276 24 hours shows that most traders are optimistic because they rely on price recovery.

ENA price view

The native token was traded in green in the middle of the optimistic developments.

ENA is $ 0.4933 after it has been corrected by Intraday highs.

The rally came, even though the bears dominated the cryptocurrency area, with Bitcoin fell by $ 115,150 in the past few days.

In the meantime, the area between $ 117,000 and $ 119,700 remains crucial for the directional development of BTC.

A crucial candle that closes outside of this range will pave the way for the next important movement.

The current outlook from Ethena reflects how important actors can influence the mood and prices in the digital token industry.

Bullic enthusiasts will observe the performance of ENA in the upcoming meetings to see how contemporary the purchase of Hayes is.