Arthur Hayes bets $1.22M on ENA tokens while diversifying position in ETH

nft_widow · 2025-12-26T19:29:46+00:00

Arthur Hayes, a crypto entrepreneur, recently moved significant amounts of Ethereum, transferring $3.53 million in ETH. He emphasized quality DeFi protocols, investing notably in Ethena's ENA tokens, highlighting his confidence in its value proposition amidst a competitive market.

nft_widow

2025-12-26 19:29:46

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In a strategic capital allocation move, the well-known cryptocurrency entrepreneur Arthur Hayes has moved significant volumes of Ethereum in recent days. The operation involved transferring $3.53 million in ETH, but part of the funds ( $1.5 million ) was recovered after security issues. The remaining resources were distributed among different protocols, notably the purchase of 1.22 million ENA tokens in the Ethena protocol.

Growing interest in quality DeFi protocols

Hayes has shown increasing preference for DeFi projects that stand out for their technological robustness. Ethena, which offers USDe ( a dollar-backed synthetic asset ), has been supported by the entrepreneur since 2023. With ETH trading at $2.92K and ENA at $0.21 in the current market, the strategy suggests investor confidence in the protocol’s value proposition.

What makes Ethena stand out

Ethena is a DeFi protocol built on the Ethereum network that offers innovative solutions for stabilizing digital assets through USDe. The platform attracts institutional and individual investors seeking decentralized alternatives for value preservation.

Market signals

In addition to the movement in ENA, Hayes continues selling ETH positions on social media, indicating a selective approach to resource allocation. This stance reflects the investor’s view on which DeFi projects truly offer solid fundamentals in an increasingly competitive and mature market.

ETH0,64%

USDE-0,06%

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