Ethena News Today: ENA Price Rises After Arthur Hayes Latest Purchase
Sakshi Jain
Ethena News Today: Arthur Hayes and Aave Monad Update Boost ENA Tokens
Ethena news today is seeing fresh momentum on two fronts. BitMEX co-founder Arthur Hayes has added another 10.9 million ENA tokens to his holdings, extending a five-day buying streak worth roughly $2 million.
At the same time, Ethena has rolled out a new incentive on Aave's Monad deployment, pushing USDe collateral rewards to 5% APY.
Together, these developments highlight both whale-level confidence in ENA and Ethena's ongoing push to widen USDe's footprint across DeFi. For holders and prospective investors, the combination of insider accumulation and expanding utility is worth watching closely.
Arthur Hayes Adds Another 10.9 Million ENA Tokens
On-chain analytics platform Lookonchain flagged a fresh purchase from Arthur Hayes, who acquired 10.9 million coins for approximately $985,000 directly from Binance.
This latest buy pushes his cumulative five-day total to 22.64 million coins, valued at around $2 million. The transactions were traced to a wallet linked to Hayes, identified by Lookonchain as 0x6cd66DbdFe289ab83d7311B668ADA83A12447e21. The steady pace of purchases suggests a deliberate accumulation strategy rather than a single opportunistic trade.
Arthur Hayes' Recent Purchases
| Metric | Details |
| Latest Purchase | 10.9M tokens |
| Value | ~$985K |
| Total Bought (5 Days) | 22.64M tokens |
| Total Value | ~$2M |
| Source Wallets | Binance, Flowdesk, Wintermute |
| Destination | Arthur Hayes-linked wallet |
ENA Transactions Show Continued Accumulation
Data from Arkham Intelligence shows the inflows into Hayes' wallet came from several sources, including Binance exchange, Flowdesk, and Wintermute hot wallets.
Purchase prices across these transactions clustered around $0.08 to $0.09 per token, suggesting Hayes has been accumulating near current market levels rather than waiting for deeper dips.
Sustained buying from a well-known market figure like Hayes often draws attention from retail traders, who may interpret it as a signal of confidence in ENA's medium-term prospects, though it doesn't guarantee future price performance.
Timeline: Arthur Hayes' ENA Buying Activity
Time | Event |
Past 5 Days | Hayes begins accumulating coins |
Recent Transactions | Multiple transfers from Binance, Flowdesk & Wintermute |
Latest Update | Additional 10.9M tokens purchased |
Current Total | 22.64M tokens accumulated |
Ethena Expands USDe Utility With Aave on Monad
Separately, Ethena announced that USDe deposited as collateral on Aave's Monad deployment is now eligible for enhanced rewards. Monad is a high-throughput EVM-compatible chain, and this integration gives holders another venue to put their stablecoin to work within a lending market.
By supporting USDe on Aave's Monad instance, Ethena continues its broader strategy of embedding USDe across multiple chains and protocols rather than confining it to Ethereum mainnet alone.
USDe Promotional Rewards Increase to 5% APY
Under the new program, USDe supplied as collateral on Aave's Monad market earns a 1% promotional boost on top of the existing base rate, bringing the total yield to 5% APY.
The offer is capped at $250 million in eligible deposits, meaning the promotional rate applies only up to that pool size. Users can access the market directly through Aave's reserve overview page, and eligibility is generally tied simply to holding qualifying collateral on the platform during the promotional period.
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Ethena's New USDe Reward Program
| Feature | Details |
| Platform | Aave on Monad |
| Asset | USDe |
| Base Reward | 4% APY |
| Promotional Boost | +1% |
| Total Reward | 5% APY |
| Maximum Eligible Pool | $250 Million USDe |
Ethena Price Today
ENA token price traded around $0.0929, gaining 3.18% over the past 24 hours. The token's market capitalization stood at approximately $913.26 million, while 24-hour trading volume reached $116.32 million. After recent volatility, it has rebounded above the $0.09 level, reflecting renewed buying interest and improving short-term market sentiment.
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Why These Updates Matter for the Ethena Ecosystem
Whale accumulation and DeFi integrations reinforce each other. When a recognizable figure like Arthur Hayes steadily buys ENA, it can support market sentiment and encourage governance participation, since ENA doubles as Ethena's governance token.
Meanwhile, incentives like the Aave-Monad boost aim to deepen USDe liquidity and expand its use cases beyond simple holding. It's also worth noting these buys follow Ethena's recent unlock of over 171 million tokens, adding extra supply to the market — a factor that could offset some buying pressure, so the accumulation shouldn't be viewed in isolation from broader token supply dynamics.
Conclusion
Arthur Hayes' continued ENA purchases signal ongoing conviction in Ethena's governance token, even as the protocol works to broaden USDe's DeFi footprint through initiatives like the Aave-Monad reward boost.
Investors tracking Ethena News Today will likely want to watch ENA price action in response to both the unlock and accumulation trends, adoption metrics for USDe on Monad, and any further ecosystem partnerships Ethena rolls out in the coming weeks.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and involve significant risk. Always conduct your own research (DYOR) and consult a qualified financial advisor before making any investment decisions.
