Arthur Hayes Boosts ENA Holdings, Ethena Expands USDe Rewards

Arthur Hayes, co-founder of BitMEX, has continued to accumulate ENA tokens, adding another 10.9 million coins to his holdings over the past five days.

This latest purchase brings his total accumulation to 22.64 million tokens, valued at around $2 million.

The transactions were made directly from Binance and other exchanges, with prices clustering around $0.08 to $0.09 per token.

Hayes' buying spree has drawn attention from retail traders, who may interpret it as a signal of confidence in ENA's medium-term prospects.

Ethena has also expanded the utility of its USDe stablecoin by introducing a new incentive on Aave's Monad deployment, offering 5% APY rewards for users who deposit USDe as collateral.