Particle.news
Download on the App Store
4 ARTICLES
·
4h ago

Ethena’s ENA Token Jumps 20% on Whale and Institutional Buys

Arthur Hayes’s fresh accumulation alongside StablecoinX’s six-week, $5 million-per-day purchase program highlights growing confidence in Ethena’s DeFi yield ecosystem.

Ethena ENA
ENA
Image

Overview

  • ENA has surged roughly 20% in 24 hours to trade near $0.58, making it one of the top performers in the crypto market today.
  • Lookonchain data shows Arthur Hayes bought 2.16 million ENA on July 25, increasing his holdings to 7.76 million tokens valued at about $3.73 million.
  • StablecoinX has initiated a six-week treasury strategy that involves buying $5 million worth of ENA per day to bolster its long-term allocation.
  • Ethena’s total value locked has climbed above $7.19 billion as more investors tap into its decentralized yield products.
  • The protocol announced a partnership with Anchorage Digital to launch USDtb, a regulated stablecoin backed by tokenized U.S. Treasuries under the GENIUS Act.