Arthur Hayes splashes $1.06 million to buy the dip on ENA! Compliance stablecoin collaboration ignites a big pump of 8% in Ethena Token.

Co-founder of Maelstrom Arthur Hayes spent $1.06 million on 2.16 million Ethena (ENA) Tokens on July 25, driving ENA to rise 8% in a day, with volume surpassing $1 billion. This purchase coincided with Ethena's announcement of a strategic partnership with the licensed custodian Anchorage Digital to jointly develop a U.S. compliant stablecoin in accordance with the GENIUS Act. On-chain data shows that Hayes currently holds a total of 7.76 million ENA (worth approximately $3.73 million), and he has publicly stated that he is optimistic about ENA's price breaking $1 (current price $0.4997), with a potential rise of over 100%.

Analysis of Arthur Hayes' Million Dollar Level ENA Accumulation Action

Crypto investment mogul Arthur Hayes executed a key operation on July 25:

• Purchase Quantity: 2.16 million ENA
• Investment Amount: 1,060,000 USD
• Average Trading Price: Approximately $0.4907
• Trading Channels: Completed through mainstream CEX, Galaxy Digital and Flowdesk.
• Total Holdings Update: Reached 7.76 million ENA, with a total value of approximately 3.73 million USD.

The large purchase occurred just one day after Ethena announced a compliance partnership with Anchorage Digital, highlighting Hayes' ongoing optimism towards Ethena's synthetic dollar protocol. Earlier this month, when ENA was launched on Upbit exchange, Hayes had already publicly expressed a bullish outlook, targeting the 1 dollar mark.

ENA price rebounds strongly, technical indicators release bullish signals

Driven by the positive news of Hais's increased holdings and cooperation, the ENA market performed brilliantly:

• Current Price: 0.4997 USD (as of writing)
• 24-hour rise: +8.43%
• Volume: big pump 47%,突破 1.03 billion USD
• Weekly Rise: +25%
• Monthly increase: +86%
• **Technical Form: ** The daily line breaks through the 20-day moving average resistance, and the RSI rises to 58 entering the strong zone.

Based on the current momentum, the market predicts that ENA is expected to challenge the 0.60 USD resistance level in the next month.

Compliance cooperation as a catalyst: The GENIUS Act reshapes the stablecoin landscape

The core logic of Hais's heavy investment in ENA is closely related to Ethena's latest strategic layout:

1. Anchor Compliance Market: Collaborate with Anchorage Digital, regulated by the U.S. OCC, to jointly develop stablecoin products that comply with the GENIUS Act.
2. Focus on USDtb upgrade: Focus on promoting its native stablecoin USDtb for compliant operations in the U.S., this stablecoin currently:
   • Market cap exceeds 1.4 billion USD
   • The main reserves are traditional financial assets
   • More than 1/3 of assets are held by BlackRock's BUIDL Tokenized Fund
   • The reserve is slightly higher than the circulating supply (indicating sufficient collateral)
3. Seizing Policy Dividends: Former U.S. President Trump officially signed the "GENIUS Act" last week, and institutions are accelerating their competition for the trillion-dollar Compliance stablecoin market.

Conclusion: Institutional Endorsement + Regulatory Compliance Build a Dual Moat

Arthur Hayes' million-dollar level increase not only serves as a strong endorsement of the Ethena ecosystem but also reflects the tremendous potential of the Compliance stablecoin track following the implementation of the GENIUS Act. As USDtb moves towards compliance and institutional funds continue to flow in (with current daily trading volume surpassing $1 billion), the practical value of the ENA Token and its potential to capture premiums are both on the rise. Investors should pay close attention to the USDtb compliance progress and the sustainability of ENA breaking the $0.50 psychological barrier, as these two factors will determine whether there is upward space in the short term.