Arthur Hayes Bags 2.16M Ethena ENA Tokens in Bold Move

Massive Buy: Arthur Hayes Scoops 2.16M Ethena ENA Tokens

Massive digital asset accumulation by BitMEX Co-founder

Former CEO and co-founder of BitMEX, Arthur Hayes has once again made headlines in the world of crypto. He made a major investment in Ethena ENA tokens. Recently he bought 2.16 million digital asset which was worth around $1.03 million. 

This fresh accumulation follows Ethena ENA tokens groundbreaking partnership with Anchorage Digital which marks a strategic push into the U.S market under the new GENIUS Act compliance framework. 

Hayes made the purchase through major exchanges including Binance, Galaxy Digital and Flowdesk as per Arkham intelligence. With this bold move his total holdings now stand at 7.76 million virtual asset which are worth around $3.73 million. It shows a strong confidence in Ethena ENA tokens vision and long-term growth. 

Source: X

Strategic Crypto Agreement Aligns with GENIUS Act Standards

The timing of his investment coincides with Ethena ENA tokens new partnership with Anchorage Digital. Together they aim to launch a stablecoin in America that aligns with the GENIUS Act which was recently signed into law by U.S President Donald Trump. 

This legislation has stirred massive interest among crypto firms which are aiming to develop regulated digital assets in the U.S. The partnership will aim on boosting USDtb which is Ethena ENA tokens stablecoin, created to be backed by real world economic instruments. 

This could significantly expand utility and legitimacy in both DeFi and traditional financial sectors. 

 Token showing strong market performance 

The token has responded positively to both the Anchorage deal and Haye’s purchase. Currently, it is trading at $0.5573 with the daily trading volume up by 51.64% and crossing the $1 billion mark. It is a clear sign of growing investor interest and market momentum. 

Source: CoinMarketCap

 From the previous week, token has surged 25% and nearly 86% over the last month. It might happen that it could rally to $0.60 within the next month if the bullish sentiment continues which is making Hayes’s investment look eleven smarter. 

Haye’s bullish vision for Ethena ENA tokens

After recently listing on Upbit, Arthur Hayes has been vocal about his optimism for virtual asset. He believes the token could eventually double its current value and cross the $1 mark. 

With his growing holdings and vocal support, Hayes appears to be positioning himself as a long term backer of the synthetic dollar protocol. 

Conclusion 

Hayes’ strategic investment in it is more than just a financial move but it is a strong vote of confidence in the future. Backed by the GENIUS Act and a new U.S focused roadmap, the platform is gaining momentum in a competitive stablecoin market.