Arthur Hayes Buys 25.33M ENA, Forecasts Price Surge to $0.50
Ethena (ENA)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that prominent crypto trader Arthur Hayes recently bought 25.33 million ENA for $5.53 million a month ago. He currently holds an unrealized profit of $3.28 million on this position. Hayes has forecasted a bullish price target for ENA at $0.50.
This significant purchase may draw interest from other traders looking to capitalize on the potential price surge. The move highlights his bullish outlook and may encourage others to consider entering the market. As of the report, ENA’s trading volume remains unreported, indicating that the market could be relatively thin.
This thinness could amplify the impact of such large trades. The broader crypto market is currently experiencing mixed signals with individual assets showing varying momentum. Hayes’ bold prediction comes at a time when traders are closely monitoring market dynamics.
The recent buzz surrounding his investment may ignite trader interest. This could lead to increased market participation following his announcement.
How the market reacted
Whalio's own Binance spot order flow for ENA, measured when this story was written up on 20 September 2026. Not the outlet's figures.
Whalio data shows ENA trading at $0.2043 with a spot volume of $98,324,594 over the last 24 hours. The 24-hour buy ratio stands at 50.8%, while the 1-hour and 4-hour ratios are lower at 44.5% and 48.0% respectively. This indicates that buying pressure is fading in the short term compared to the daily average. The 24-hour volume delta is positive at +$1,557,740, showing net buying over the day. However, the 1-hour and 4-hour volume deltas are negative, suggesting recent selling pressure. CVD closed at +$699,071, confirming net buying over the full 24-hour period. Net buying occurred for 13 of the 24 hours.
The latest daily buy ratio of 42.7% sits at the 1st percentile of the last 324 days, against a median of 49.0% - among the weakest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for ENA, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 48.7%, making the current 24-hour ratio of 50.8% an unusual day with a +2.1 point increase. Volume was 3.24x the average, indicating significantly higher activity than usual. The price changed by +43.5% over the 8-day period. Despite the positive price action, the 8-day volume delta was -$3,790,020, showing net selling over the week. Only 1 of the 7 days showed net buying, contrasting with the recent 24-hour net buying.