Ethereum News Today: Arthur Hayes Invests $1.06M in 2.16M ENA as Price Surges 8.43%

Arthur Hayes, co-founder of BitMEX, has made a significant investment in Ethena (ENA) tokens, acquiring 2.16 million units for $1.06 million. The purchase, executed through platforms including Binance, Galaxy Digital, and Flowdesk, marks the latest in a series of strategic moves by Hayes, who previously forecasted Ethena’s potential to surpass Tether in market share [1]. This acquisition follows Ethena’s announcement of a partnership with Anchorage Digital to launch a GENIUS Act-compliant stablecoin in the U.S., a development that aligns with broader regulatory clarity under the legislation signed by President Trump [1].

The timing of Hayes’ investment coincides with a notable price surge for ENA, which has risen 8.43% to $0.4997 in the 24 hours post-purchase. Trading volume has exceeded $1 billion, reflecting heightened investor interest. Over the past week, ENA has gained 25%, with monthly gains reaching 86%. Analysts have cited the institutional adoption of Ethena’s USDtb stablecoin—backed by $1.1 billion in BlackRock’s BUIDL tokenized fund—as a catalyst for the token’s upward trajectory. The stablecoin’s focus on traditional financial assets positions it as a robust option in the evolving stablecoin landscape [1].

Hayes’ total ENA holdings now stand at 7.76 million tokens, valued at approximately $3.73 million. His investment strategy underscores confidence in Ethena’s governance model and its role in the Ethereum ecosystem. The project’s products, including the RLUSD stablecoin, have drawn comparisons to Bank of America’s stablecoin initiatives, further highlighting its relevance in institutional adoption. Hayes’ track record of identifying undervalued assets, such as his Bitcoin price prediction of $250K, adds credibility to his bullish stance on ENA [4].

The broader market context reinforces the significance of Hayes’ bet. Ethena’s USDtb stablecoin, set to launch in the U.S., benefits from the GENIUS Act’s regulatory framework, which has spurred institutional interest in compliant stablecoin projects. This aligns with a global shift toward yield-generating and governance-driven digital assets. Hayes’ history of capitalizing on market volatility, such as his “buy the dip” strategy during crypto downturns, suggests a calculated approach to leveraging regulatory and technological advancements [2].

Critically, Hayes’ $12.5 million allocation to Ethereum and ENA governance tokens represents a dual bet on the Ethereum ecosystem’s expansion. While high-yield alternatives like Solana attract capital, Ethena’s integration with Ethereum’s infrastructure positions it to benefit from the network’s ongoing innovation. However, ENA’s performance remains subject to macroeconomic uncertainties and broader crypto market dynamics, particularly in 2025. Analysts caution that while institutional adoption could drive short-term gains, the token’s long-term success depends on its ability to execute its governance and product development roadmap [3].

Source:

[1] [Ethena’s ENA Price Surges as Arthur Hayes Buys 2.16 Million Tokens](https://coinmarketcap.com/community/articles/68834e9232b65702e7fcfee3/)

[2] [Arthur Hayes’ $12.5M Bet on Ethereum and ENA Tokens](https://www.ainvest.com/news/ethereum-news-today-arthur-hayes-invests-12-5m-ethereum-ena-bullish-signal-ecosystem-growth-2507/)

[3] [Ethereum Ecosystem: Arthur Hayes’ Bold $12.5M Bet](https://bitcoinworld.co.in/ethereum-ecosystem-investment/)

[4] [Bitcoin’s $250K Prediction and Ethena’s Institutional Appeal](https://coingape.com/trending/crypto-crash-why-btc-sol-and-doge-are-falling-today/)