Hayes Sees ENA Price Doubling to $0.50, Holds $5.53M Portfolio
Arthur Hayes has made significant gains on his investment in Ethena (ENA) tokens. According to Lookonchain, he purchased 25.33 million ENA at an average price of approximately $0.09 about a month ago. The platform calculated the value of this position at $5.53 million at the time of the post, with an unrealized profit of $3.28 million.
The $5.53 million figure represents the total value of the tokens held at the time of the report, not the amount spent on the purchase. Unrealized profit means that Hayes has not sold the tokens yet and still holds them in his portfolio.
Hayes expects the price to rise to $0.50, which is more than double the current price of approximately $0.21. This target indicates his confidence in the continued rally of ENA's price.