Arthur Hayes invested $1.06 million in ENA. Bitmex co-founders currently hold 7.76 million ENA coins worth approximately $3.73 million. Altcoin has won nearly 20% in the last 24 hours.
The digital token was traded in red on Friday.
Meanwhile, Ecena was one of the few tokens separated from the downside.
Amidst general sales pressure in the cryptocurrency market, the ENA rose from $0.4268 to $0.5088 from yesterday’s intraday low on Friday.
This means a surge of around 19%.
Ecena’s rebound coincided with a massive purchase from Bitmex co-founder Arthur Hayes.
According to Lookonchain, American entrepreneurs scooped up 2.16 million ENA tokens worth around $1.03 million today.
Arthur Hayes (@cryptohayes) bought 2.16m $ENA ($1.03m) today from #binance, #galaxydigital and #flowdesk.
– lookonchain (@lookonchain) July 25, 2025
The transaction comes as digital tokens plummeted 25% from Monday’s high to $0.4307 yesterday.
Meanwhile, a considerable amount of purchases demonstrates Hayes’ belief in Esena’s future potential.
Additionally, he did not complete the purchase using one platform.
Investors have sourced the ENA from Binance, Flowdesk and Galaxy Digital.
This depicts how he strategically uses a variety of liquidity providers to secure cryptocurrency investments.
Recently, Hayes used Flowdesk to create headlines to get Aave and Lido tokens on commercial purchases.
Hayes’ confidence in Ecena
The timing and size of the purchase signal reliability in the long-term value of the project.
Hayes took advantage of discounted prices to add to his holdings despite general market volatility.
With his latest accumulation, his balance has been sent to 7.76 million ENA tokens worth around $3.73 million.
Ethena gives users access to Defi yields and synthetic dollars, USDE.
It recently gained traction with circulating supply exceeding $6 billion.
USDE supply is back to an all-time high of $6,000,000,000
We’re now entering the supply discovery, please fasten your seat belt pic.twitter.com/dgnmtmccg5
– July 20, 2025, Ethena Labs (@ethena_labs)
Although not all market participants follow the basics, Hayes’ involvement is sufficient to influence emotions.
The latest purchases will increase trust in the project and attract more investors to the Ethena Ecosystem.
Retailers and players at some institutions use such metrics to increase their balance or re-enter the market.
It appears to be paying as ENA witnessed attention, bullish sentiment and surged volume a few hours after Hayes’ purchase.
Ethena’s open interest gas rose 16% to $835.17 million, but volume increased 15% to $2.83 billion (Coinglass data). Additionally, the 1.0276 24 hours long/short ratio indicates that most traders are bullish on price recovery.
ENA price outlook
Native tokens were traded in green amid optimistic development.
Ena will be whivering at $0.4933 after fixing from the intraday highs.
Larry said Bitcoin had dropped by 2% on the past day, with press time of $115,150.
Meanwhile, the BTC directional trajectory has a zone between $117,000 and $119,700.
A critical candlestick closed outside this range opens the way for the next important movement.
Ecena’s current outlook reflects how key players influence the sentiment and price of the digital token industry.
Bully enthusiasts will see Ena’s performance in upcoming sessions to see how timely Hayes’ purchases are.
