Lookonchain
Arthur Hayes bought 25.33 million ENA for $5.53 million at an average price of $0.09 about a month ago. The position is now showing a reported $3.28 million unrealized profit, representing a 146% gain, while Hayes targets ENA at $0.50.
Why it matters
The trade puts a prominent crypto investor's public price target alongside a large personal position. The size of the holding makes the call relevant to traders watching Ethena and whale activity, while the reported return shows how quickly the position has moved in Hayes's favor.
Market impact
The $0.50 target gives ENA traders a clear level to track against Hayes's existing exposure. Whether the position continues to outperform will depend on ENA's price action and whether the market follows the bullish signal from one of its most visible participants.
Frequently asked questions
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How much ENA did Arthur Hayes buy?
Hayes bought 25.33 million ENA for $5.53 million at an average price of $0.09.
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What is Arthur Hayes's ENA price target?
Hayes is targeting ENA at $0.50.
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How much profit is Hayes showing on the position?
The position is showing a reported $3.28 million unrealized profit.
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What percentage gain has the ENA position made?
The reported unrealized gain is 146%.
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Why is the trade relevant to ENA traders?
The size of Hayes's position and his $0.50 target give traders a prominent bullish signal and a specific price level to track.
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Whale Alert
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Altcoin Daily
CoinDesk