BitMEX co-founder Arthur Hayes, that paragon of fiscal prudence, has once again donned the mantle of the crypto adventurer, adding another $1 million worth of Ethena tokens to his collection, as if collecting stamps, but with digital paper that fluctuates like a drunken seagull 🐦📉. The ENA token, that fickle lover, has seen a 15% price surge, which is more than the average person’s attention span these days. The trading volume, oh, it’s shot past the $1 billion mark, which is more than the number of times I’ve checked my portfolio today 😂.
JUST IN: ARTHUR HAYES ADDS 2.16M $ENA TO WALLET, NOW HOLDS $3.73M IN TOKENS
Source: @lookonchain — a beacon of truth in the dark abyss of crypto 🧙♂️
— Mario Nawfal’s Roundtable (@RoundtableSpace) July 25, 2025
A Broader Play by Hayes
According to the on-chain oracle EmberCN, Hayes funneled his capital through three different channels, Binance, Galaxy Digital, and Flowdesk, as if he were a magician pulling rabbits out of hats, but instead of rabbits, he pulled 2.16 million ENA tokens in seven hours 🎩🐇. The ENA purchase is the continuation of a broader play by Hayes, who’s been focused on Ethereum and its surrounding ecosystem. Since mid-July, he has shelled out over $12.5 million across ETH, ENA, AAVE, LDO, ETHFI, and even PEPE meme token — a veritable feast for the crypto connoisseur 🍽️.
Hayes’ average buy-in for ENA stands at $0.386. With ENA now trading around $0.493, Hayes is already sitting on comfortable unrealized profits, as if he’s a landlord collecting rent from a building that’s still under construction 🏗️💰.
USDe and Whale Wallets Fuel Rally
USDe, the crown jewel of the Ethena ecosystem, has raked in a massive $2 billion in a week, which is more than the GDP of some small countries. Axel Bitblaze, that wise sage of the crypto world, notes that the 10% APY is so enticing, people are farming yield like it’s the last harvest before the apocalypse 🌾💰. “You don’t see that kind of inflow in this market unless something serious is cooking,” he quips, as if the market were a pot of soup that’s been simmering for years.
$ENA is pumping like crazy right now, what’s actually going on ? 👇
– First, $USDe just pulled in nearly $2B in a week.
That’s insane. You don’t see that kind of inflow in this market unless something serious is cooking.
The main reason is sUSDe is paying 10% APY.
People are…
– Axel Bitblaze 🪓 (@Axel_bitblaze69) July 25, 2025
The main reason for this surge in USDe is the 10% APY offered by the synthetic dollar stablecoin. Axel noted that crypto market participants are “looping DeFi left and right to farm that yield,” adding that this demand “keeps feeding into ENA,” as if the entire market were a giant feeding frenzy 🐺💸.
Further, a fresh wallet, now the fourth-largest ENA holder, quietly pulled 1.23 billion ENA worth $567 million from Coinbase Prime, as if it were a stealthy thief in the night, sparking bullish conversations that echo through the digital corridors of the crypto world 🦇💸.
ENA Price Analysis: Breakout from Flag
The 1-hour chart below shows a clear bull flag formation, a signal as clear as a bell, following a steep vertical rally. Price has been consolidating in a downward-sloping channel, but recent candles are knocking right on the door of resistance, as if the price is a determined suitor seeking entry 🛶🚪.
If the breakout confirms, the flagpole’s height implies a potential 42% move, pushing ENA toward the $0.70–$0.72 range, which is more than the price of a coffee in a tech hub these days 🫧.
ENA Hourly Chart with Bullish Flag | Source: TradingView
Moreover, the RSI is at 54.77, neutral, but with room to run. The MACD just flashed a bullish crossover, and the Chaikin Money Flow (CMF) remains in positive territory at 0.05, suggesting steady inflows. The Accumulation/Distribution line is climbing, confirming that large players are stacking rather than selling, making ENA one of the best crypto to buy, or so the whispers of the market suggest 🧙♀️📈.
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2025-07-25 17:01