Arthur Hayes Extends ENA Buying Spree: Adds Another $246K in Ethena Tokens

BitcoinWorld Arthur Hayes Extends ENA Buying Spree: Adds Another $246K in Ethena Tokens Arthur Hayes, co-founder of the BitMEX cryptocurrency exchange, has continued his recent accumulation of Ethena (ENA) tokens, purchasing an additional 269 ENA worth approximately $246,000 two hours ago, according to blockchain tracking platform Lookonchain.

This latest transaction extends a buying spree that has seen Hayes acquire a total of 1.174 million ENA over the past four days, valued at roughly $1.02 million.

Details of the Accumulation Lookonchain data reveals that Hayes has been consistently buying ENA, with an average purchase price of $0.087 per token.

The recent purchases suggest a deliberate accumulation strategy, though the exact rationale behind Hayes’s increased exposure to Ethena remains undisclosed.