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Key Takeaways:
- Arthur Hayes invested $1.06M in ENA, increasing his total holdings to 7.76 million coins.
- ENA surged over 8% following the Anchorage partnership and GENIUS Act momentum.
- USDtb’s market cap has topped $1.4B, backed largely by BlackRock’s tokenized assets.
Arthur Hayes, co-founder of BitMEX and well-known crypto investor, has made a bold bet on Ethena (ENA), purchasing 2.16 million tokens for $1.06 million. The move comes on the heels of Ethena’s high-profile partnership with Anchorage Digital, signaling growing institutional momentum behind the synthetic dollar protocol.
ENA Price Jumps 8% as Trading Volume Tops $1 Billion
Following the news, ENA price surged 8.43% to $0.4997, with daily trading volumes skyrocketing by 47% to cross the $1 billion mark. Over the past seven days, ENA has gained 25%, and its monthly performance shows an 86% rally — underscoring growing investor enthusiasm.
Hayes’ purchase through Binance, Galaxy Digital, and Flowdesk was tracked via Arkham Intelligence, which reports that he now holds 7.76 million ENA, worth roughly $3.73 million. The timing of this buy-in, immediately after the Anchorage partnership announcement, reinforces Hayes’ bullish stance on the protocol’s long-term growth.
Why Arthur Hayes Is Bullish on ENA and USDtb
Ethena recently partnered with Anchorage Digital to roll out a GENIUS-compliant stablecoin for the U.S. market — a move made possible after President Trump signed the GENIUS Act into law last week. The partnership aims to promote Ethena’s USDtb, a payment-focused stablecoin backed mainly by traditional financial assets.
Currently, USDtb’s market cap exceeds $1.4 billion. Notably, $1.1 billion of its reserves are held in BlackRock’s BUIDL tokenized fund, lending further legitimacy to the project. With regulatory clarity improving and institutional backing deepening, Hayes appears to be positioning himself early in what could be a major stablecoin race.
Also Read: Anchorage and Ethena Debut USDtb as First Stablecoin Under GENIUS Act
ENA Price Prediction: Is $1 Within Reach?
Earlier this month, Hayes publicly predicted that ENA could rally to over $1, representing a potential 100% upside from current levels. With momentum building from both technical and fundamental angles, market watchers are now eyeing $0.60 as the next major resistance level in the short term.
Given the growing influence of real-world asset (RWA)-backed stablecoins, Ethena’s dual offering — synthetic dollars and USDtb — could play a pivotal role in reshaping crypto finance.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
