BitMEX Co-Founder Arthur Hayes Buys Another $246K Worth of Ethena Tokens

Arthur Hayes, co-founder of the BitMEX cryptocurrency exchange, has continued to accumulate Ethena ($ENA) tokens. The most recent purchase of 269 $ENA worth approximately $246,000 was made two hours ago, according to blockchain tracking platform Lookonchain.

This latest transaction adds to Hayes's growing position that now exceeds $1 million in value. Since the beginning of his buying spree four days ago, he has acquired a total of 1.174 million $ENA at an average price of $0.087 per token.

Ethena is the protocol behind $USDe, a synthetic dollar stablecoin, and has gained attention in the decentralized finance (DeFi) space for its yield-generating mechanisms. Hayes's accumulation could be seen as a vote of confidence in Ethena's long-term prospects.