Ethena price jumps 8% despite Arthur Hayes' $2.7M ENA sale

Ethena (ENA) Rose 9% This Week as Ethereum Fell 4%. Can It Keep Outrunning ETH?

Ethena's ENA token climbed while Ethereum stumbled, even as a major crypto trader dumped millions of dollars worth of it. The real reason behind that price surge raises serious questions about whether genuine demand is driving the rally or something else entirely.

Ethena price jumps 8% despite Arthur Hayes' $2.7M ENA sale

Ethena price rebounds toward $0.21 despite Arthur Hayes' ENA sales, with traders watching $0.23 resistance and the risk of another correction.

ENA Defies Selling Pressure as Arthur Hayes Offloads 14M Tokens

ENA rebounded 8.8% despite Arthur Hayes selling 14 million tokens. Strong support around $0.19-$0.20 remains critical for bulls. A $57 million token unlock could increase short-term volatility. Ethena's ENA faced a major test during the past week. Many traders expected heavy selling after Arthur Hayes sold 14 million ENA tokens. Instead, the market responded with surprising resilience. ENA rebounded nearly 9% after the transaction, showing that …

Ethena Gains 8.66% as Chart Marks Support Near $0.169

Perpetual-market open interest rose while spot demand indicators weakened, and Bitcoin and the broader altcoin sector posted smaller 24-hour gains.

Ethena Rallies 4% as Arthur Hayes Sells $2.73M in ENA

TL;DR Ethena’s ENA gained about 4% in the initial snapshot despite Arthur Hayes selling another 14 million tokens worth roughly $2.73 million. Lookonchain estimated Hayes sold $28.8 million across several crypto assets over 24 hours, realizing around $6.65 million in profit, mainly from ETH and ENA. ENA’s rebound held near $0.20-$0.21, but the move remains ...