Arthur Hayes accumulates $1M in sENA tokens ahead of a critical USDH vote.
The move aligns with a Sunday vote by Hyperliquid validators to control the USDH ticker.
Hayes’ bet signals confidence but carries significant market risk.
Crypto luminary Arthur Hayes is making waves with a bold move, accumulating nearly $1 million worth of sENA tokens in just 48 hours. The timing of this accumulation aligns with a critical vote by Hyperliquid validators, set for Sunday, September 14, 2025, to decide which project will control the coveted USDH stablecoin ticker. This strategic bet underscores Hayes’ confidence in the token’s potential, drawing significant attention from the crypto community as the deadline looms.
Hayes, a well-known figure and former BitMEX CEO, has a history of leveraging market insights for high-stakes plays. His recent activity, tracked via on-chain data on Binance and Kraken, shows a series of deposits totaling over $1.4 million, with a substantial portion directed toward sENA. This move comes as speculation intensifies around the USDH stablecoin’s future, a pivotal asset in decentralized finance. The outcome of the Hyperliquid vote could reshape the stablecoin landscape, making Hayes’ position a calculated gamble on the winning project.
Arthur Hayes is making a big bet on @ethena_labs.
In just 48 hours, he accumulated nearly $1M worth of $ENA tokens.
The timing aligns with a decisive vote by Hyperliquid validators on Sunday over which project will control the USDH stablecoin ticker. pic.twitter.com/jymKNfi7wu
— Satoshi Club (@esatoshiclub) September 11, 2025
The crypto market is abuzz with theories about Hayes’ intentions. Some see this as a signal of insider knowledge, given his deep ties to the industry, while others view it as a bullish endorsement of sENA’s underlying project. With the vote just days away, the stakes are high—control of USDH could grant significant influence over liquidity and adoption in DeFi ecosystems. However, the move also carries risks, as an unfavorable vote could lead to a sharp decline in sENA’s value.
As of 09:29 PM +04 on Thursday, September 11, 2025, the crypto community is watching closely. The next 72 hours will be decisive, with market sentiment likely to hinge on the vote’s outcome. Whether Hayes’ bet pays off or backfires, it highlights the high-risk, high-reward nature of crypto investing. Traders and analysts are advised to monitor developments closely as the Hyperliquid vote approaches.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
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