$ENA Just Gave the Market a Reason to Pay Attention.
$ENA is up 50%+ this week, after Ethena announced a $1B institutional lending facility with FalconX.
But the more interesting signal is Arthur Hayes.
A wallet linked to Hayes reportedly bought around $2M in ENA before his bullish call. He’s also a founding Ethena investor.
That makes the signal interesting — but not unbiased.
Historical data shows Hayes-linked purchases averaged +10% after 30 days, but -20.5% after 90 days versus the market.
Fundamental repricing or momentum trade?
What do you think? 👇
#ENA #Ethena #Crypto
$ENA is up 50%+ this week, after Ethena announced a $1B institutional lending facility with FalconX.
But the more interesting signal is Arthur Hayes.
A wallet linked to Hayes reportedly bought around $2M in ENA before his bullish call. He’s also a founding Ethena investor.
That makes the signal interesting — but not unbiased.
Historical data shows Hayes-linked purchases averaged +10% after 30 days, but -20.5% after 90 days versus the market.
Fundamental repricing or momentum trade?
What do you think? 👇
#ENA #Ethena #Crypto