Arthur Hayes, co-founder of BitMEX, continues to increase his investments in Ethena (ENA) tokens, predicting their rise. StablecoinX is also expected to become a major ENA token holder.
Arthur Hayes' Latest Purchases
According to Lookonchain, Arthur Hayes bought 1.34 million ENA tokens for 1.02 million USDC. This increased his total holdings to 4.45 million ENA tokens, worth approximately $3.48 million. Hayes has been actively purchasing ENA tokens since 2024, with his latest purchase following the acquisition of 3.1 million tokens valued at $2.48 million.
ENA Price Prediction
In a recent post on the X platform, Hayes suggested that Ethena tokens could reach $1.5. He noted that technical indicators are showing positive signs, and the token's recent 9.94% increase brought its market capitalization to $5.77 billion. The trading volume rise of 135.27% indicates growing interest from investors.
StablecoinX Funding for Ethena Acquisitions
In parallel, StablecoinX announced a $530 million capital raise through private equity investments. This brings the total to $895 million, intended for acquiring over 3 billion ENA tokens, ensuring their status as a major stakeholder in the Ethena ecosystem. A buyback program of $310 million is planned over the next 6-8 weeks.
The economic actions of Arthur Hayes and the initiative by StablecoinX underscore the growing interest in Ethena tokens, potentially leading to further increases in their value and strengthening their market positions.
