Arthur Hayes Invests in ENA as Token Gains 6%
Ethena (ENA) Update
- BitMEX co-founder Arthur Hayes recently reinvested in ENA, purchasing 2.14 million tokens for $1.75 million at approximately $0.816.
- This follows his earlier sale of 7.76 million ENA for $4.62 million at around $0.595, securing a profit of $1.65 million.
- Currently, ENA is trading at $0.811, marking a 6% increase for the day.
- ENA's market cap positions it as the 29th largest cryptocurrency, with a 15% rise in 24-hour trading volume to over $1.52 billion.
- Whales have accumulated 45 million ENA in the past week, reflecting increased interest.
- Market analysts indicate the next major sell wall is at $1.15, suggesting a potential price surge of 42% if bullish momentum continues.
- Technical indicators show that ENA is near the upper Bollinger Band at $0.825, signaling a possible breakout if momentum persists.
- The 20-day SMA provides support around $0.65, while MACD indicates bullish sentiment.
Source: Trading View
Source: Trading View