ENA Token Surges 3.82% as Arthur Hayes Invests $1M and Binance Drives $1.65B Volume

Ethena (ENAUSDT) experienced a 3.82% price increase in the last 24 hours, currently trading at $0.8177 on Binance. The positive price movement is attributed to several key developments: Arthur Hayes, BitMEX co-founder, increased his ENA holdings with a $1.02 million purchase, part of which was executed on Binance; Binance listed Ethena’s synthetic dollar USDe, driving renewed interest; and Ethena Labs announced strategic partnerships with Hyperliquid and Based, supporting adoption and engagement. Additionally, significant whale activity, including large deposits and sales, contributed to heightened trading volume, which surged to over $1.65 billion in the past day. Ethena’s market capitalization stands at approximately $5.68 billion, with bullish technical indicators and strong momentum supporting its recent upward trend.