Ethena (ENA) continues to show steady growth despite significant sales from well-known crypto figure Arthur Hayes.
Arthur Hayes' Recent Transactions
Arthur Hayes recently withdrew 16.79 million ENA from Binance, achieving a profit close to $8.71 million. He currently holds 9.96 million ENA, with 7.94 million staked. His strategic decisions have resulted in an impressive 78% return, all while ENA’s price continues to rise.
Market Response to Ethena
Ethena demonstrates impressive market resilience, with an 8.47% increase in the past 24 hours. Despite challenges faced by major cryptocurrencies like Bitcoin and Ethereum, ENA's price has steadily climbed after experiencing a 34.62% decline. Currently, ENA is valued at $1.08, boasting a market cap of around $3.17 billion.
Prospects and Growth Factors for Ethena
Strategic partnerships with entities like World Liberty Financial and BlackRock, along with Hayes' continued interest, enhances Ethena’s appeal. This collaboration not only amplifies institutional interest but also indicates a promising outlook for ENA in the volatile cryptocurrency landscape. Market projections suggest ENA could rise to $2.15 if support levels are maintained.
Despite Arthur Hayes' sales, Ethena maintains stability, aided by strategic alliances and investor confidence.
