BitMEX co‑founder Arthur Hayes quietly accumulated approximately 4.2 million ENA tokens, spending around $1.5 million as Ethena (ENA) prices dipped near $0.22, signaling strong conviction despite short-term weakness. His buys took place across major platforms—copyright, Galaxy Digital, and Wintermute—just after ENA was listed on Upbit, boosting Asian market liquidity. Hayes’ move reinforces his bullish altcoin outlook and underscores growing institutional confidence in ENA.