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Analytics

Controversial Cryptocurrency Figure Arthur Hayes Bought a Large Amount of This Altcoin During the Rally

By admin
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Controversial Cryptocurrency Figure Arthur Hayes Bought a Large Amount of This Altcoin During the Rally

BitMEX co-founder Arthur Hayes purchased a total of $1.5 million worth of Ethena (ENA) tokens in the last 24 hours.

According to cryptocurrency analyst Yu Jin’s analysis based on on-chain data, Hayes made this investment through different platforms.

Hayes’ trades include buying 2.1 million ENA for 755,000 USDC on Binance, buying 700,000 ENA for 248,000 USDC on Wintermute, and buying 1.4 million ENA for 502,000 USDC on Galaxy Digital.

Hayes, who frequently makes headlines not only for his investments but also for his market views, is extremely optimistic about Ethereum. In a post on social media platform X, he stated that he predicts Ethereum will reach $10,000. This level is roughly four times ETH’s current price.

Speaking at the Bitcoin 2025 Conference, Hayes claimed that Ethereum could reach the $4,000 to $5,000 range this year, accelerating the capital shift from Bitcoin to altcoins. According to Hayes, this trend resembles the 2021 market cycle and could herald a strong rally in the altcoin market.

*This is not investment advice.

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