Arthur Hayes Re-Enters ENA with $1.75M Buyback
Hayes sold ENA for a $1.65M profit at $0.595.
He re-entered with a $1.75M buyback at $0.816.
Market watchers speculate on his long-term confidence in ENA.
Two weeks ago, BitMEX co-founder Arthur Hayes made headlines by selling 7.76 million $ENA tokens at an average price of $0.595. This sale, totaling $4.62 million, secured him a notable profit of $1.65 million. Most traders would have walked away satisfied—but not Hayes.
Fast forward to now, and Hayes is back in the ENA game. He recently repurchased 2.14 million tokens, spending $1.75 million at an average price of $0.816 per token—higher than his original sale price.
This unexpected move has sparked discussion in the crypto community. Why would a seasoned investor like Hayes buy back a token at a more expensive rate than he sold it for?
A Show of Long-Term Confidence?
Hayes is no stranger to bold trades. His re-entry into ENA could signal a strong belief in its long-term potential. By buying fewer tokens for a higher price, he’s betting that $ENA still has significant upside.
Some speculate that Hayes might be responding to upcoming news or developments related to the Ethena project, the team behind ENA. Others think he’s capitalizing on renewed momentum in the DeFi sector. Either way, Hayes’ decision has caught the market’s attention.
Two weeks ago, Arthur Hayes(@CryptoHayes) sold 7.76M ENA ($4.62M) at ~$0.595 to lock in a $1.65M profit.
Recently, he bought back 2.14M $ENA($1.75M) at a higher price of $0.816.
— Lookonchain (@lookonchain) August 13, 2025
What This Means for ENA Investors
For retail investors and crypto enthusiasts, Hayes’ move might be worth watching. His trades often influence sentiment, and this buyback could generate renewed interest in $ENA.
However, as always in crypto, it’s crucial to do your own research and not follow whales blindly. While Hayes’ confidence may boost optimism, market conditions can shift rapidly.
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Two weeks ago, Arthur Hayes, co-founder of BitMEX, made waves in the crypto market by selling a substantial position in ENA tokens. Hayes offloaded 7.76 million ENA tokens at an average price of about $0.595 each, cashing out $4.62 million and securing a notable profit of $1.65 million. While most traders would have been content to walk away with such a gain, Hayes surprised the market by re-entering the $ENA space shortly after—this time with a strategic twist.
Recently, Hayes repurchased 2.14 million ENA tokens, but at a premium price of $0.816 each, spending $1.75 million in the process. This buyback, at a higher price than his original sale, caught many by surprise and sparked intense speculation across the crypto community. Why would an experienced investor like Hayes pay more to get back into a token he had just sold at a lower price?
This bold move is widely seen as a strong signal of Hayes’ long-term confidence in $ENA’s prospects. Buying fewer tokens at a higher price suggests he believes the project has substantial upside potential and that the market might be undervaluing the token's future. Some market watchers speculate that Hayes’ re-entry could be in anticipation of positive developments from Ethena, the team behind $ENA, or a response to renewed momentum in the decentralized finance (DeFi) sector, where ENA operates.
For investors and enthusiasts, Hayes’ actions serve as a noteworthy indicator. His reputation for bold trades means his moves are often followed closely, and his buyback may reignite interest and optimism around $ENA. However, it’s a reminder to approach such signals with caution. Market dynamics can change swiftly, and while Hayes’ confidence could be a beacon of potential growth, thorough personal research remains essential before making investment decisions.
In summary, Arthur Hayes’ strategic sale followed by an expensive buyback of ENA tokens is a compelling story of conviction and calculated risk in the crypto arena. His actions emphasize not just profit-taking but a forward-looking belief in $ENA’s value—inviting the market to re-evaluate this token’s future.
