BitMEX’s Arthur Hayes Buys 2.16M ENA Tokens as Price Eyes New Highs

Key Points

1. Arthur Hayes bought 2.16 million ENA tokens, increasing his total holdings to 7.76 million worth about $3.73 million.

2. ENA's price surged 20% in 24 hours to $0.59, with a 125% rally in the past month, signaling potential for a new all-time high.

3. Technical indicators like the RSI and MACD show strong bullish momentum for ENA.

4. Ethena Labs partnered with Anchorage Digital to make USDtb a U.S. federally regulated stablecoin under the GENIUS Act.

5. StablecoinX merged with TLGY Acquisition Corp. to raise $360 million, supporting ENA token acquisition and Ethena’s stablecoin development.