BitMEX co-founder Arthur Hayes purchased a complete of $1.5 million worth of Ethena (ENA) tokens in the last 24 hours.
Per cryptocurrency analyst Yu Jin’s evaluation based completely totally on on-chain recordsdata, Hayes made this investment through diverse platforms.
Hayes’ trades consist of procuring for 2.1 million ENA for 755,000 USDC on Binance, procuring for 700,000 ENA for 248,000 USDC on Wintermute, and procuring for 1.4 million ENA for 502,000 USDC on Galaxy Digital.
Hayes, who generally makes headlines not apt for his investments but furthermore for his market views, is amazingly optimistic about Ethereum. In a post on social media platform X, he said that he predicts Ethereum will reach $10,000. This stage is roughly four instances ETH’s contemporary price.
Speaking at the Bitcoin 2025 Convention, Hayes claimed that Ethereum may perchance maybe reach the $4,000 to $5,000 differ this year, accelerating the capital shift from Bitcoin to altcoins. Per Hayes, this trend resembles the 2021 market cycle and will herald a solid rally in the altcoin market.
*Here just isn’t investment recommendation.
