Arthur Hayes Buys $1.5M Worth of Ethena Tokens as ENA Price Rebounds
2025-07-12 18:29:06
Main Idea
Arthur Hayes purchased $1.5 million worth of Ethena (ENA) tokens following its listing on Upbit, contributing to a 50% price surge.
Key Points
1. Arthur Hayes bought $1.505 million worth of ENA tokens through Binance, Galaxy Digital, and Wintermute within 24 hours of its Upbit listing.
2. ENA's price surged from $0.22 to $0.33 (50%) after being listed on Upbit's KRW, BTC, and USDT trading pairs.
3. Ethena holds an 81% market share in the synthetic dollar sector, significantly leading competitors like BlackRock, Lido, and Aave.
4. Hayes acknowledged the listing, stating, 'ENA listed bull cycle led by Ethereum.'
5. Conor Ryder, Head of Research at Ethena, claimed the protocol could generate over $1 billion in revenues.
Description
Arthur Hayes accumulated 4.2 million ENA tokens worth $1.5 million through Binance, Galaxy Digital, and Wintermute. Ethena’s ENA token surged 50% after listing on Upbit, Korea’s largest crypto exchange. Conor Ryder said Ethena could generate over $1B in revenue, with 81% share of the synthetic dollar market. Arthur Hayes purchased $1.505 million worth of Ethena (ENA) tokens shortly after the token was listed on Upbit, South Korea’s largest crypto exchange. The transactions occurred within a 24-h...
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