Ethena Targets 20% Surge as Arthur Hayes Scoops 2M ENA, Anchorage Digital Joins, and New Apps Launch

Ethena's bullish momentum just got three rocket boosters—Arthur Hayes' 2 million ENA buy, a strategic Anchorage Digital partnership, and fresh app integrations. Here's why traders are scrambling.

Hayes' whale move screams confidence. The BitMEX co-founder doesn't drop $2M on memecoins—this is a calculated bet on Ethena's synthetic dollar tech. Meanwhile, Anchorage Digital brings institutional cred, wrapping ENA in compliance armor for the suits.

New app integrations? That's the retail on-ramp. More platforms mean more liquidity, more users, and yes—more volatility. The 20% target looks conservative if adoption keeps this pace.

Cynical take: Of course Hayes bought in. Nothing pumps a bag like a billionaire 'believer' with an audience. But this time, the fundamentals might actually justify the hype.

Arthur Hayes acquires ENA amid Ethena’s new deal 

Arthur Hayes, the founder and former CEO of BitMEX, recently acquired 2.16 million ENA tokens worth over $1 million hours after the announcement of Ethena’s partnership with Anchor Digital, a federally chartered crypto bank, to boost USDtb as the first GENIUS Act-compliant stablecoin. 

Arthur Hayes on-chain wallet. Source: Arkham Intelligence

The transition of Ethena’s offshore-issued stablecoin to the US by Anchorage WOULD be a regulatory boost, achieving a US framework-compliant token for the US financial institutions. 

Ethena set to launch new dApps to boost its ecosystem

According to the recent Alphaplease newsletter, Ethena’s ecosystem has three critical dApps in the pipeline: Ethereal, Strata, and Terminal. Ethereal, a Decentralized Exchange (DEX) with $740 million of Total Value Locked (TVL), aims to boost trading in the ecosystem. 

Strata, a yield generation protocol, has recorded over $18 million in deposits before its launch, aiming to boost staking on the network. Additionally, the Terminal is another DEX focused on institutional asset trading, including yield-bearing stablecoins such as USDe. 

Ethena eyes further gains to $0.65 as bullish momentum sparks 

Ethena edges higher by over 20% so far on Friday as it held above the $0.46 support level with a long-tail candle on Thursday. The bullish run exceeds the $0.54 resistance last tested on Monday, amid a golden cross between the 50-day and 100-day Exponential Moving Averages (EMAs).

A clean push above this level could target the $0.65 level, marked by the January 28 close. Optimistically, a trend continuation could find the next resistance levels at $0.79, followed by the $1.00 psychological level. 

The Relative Strength Index (RSI), currently at 77 on the daily chart, indicates increasing buying pressure as it bounces to the overbought boundary. 

The Moving Average Convergence Divergence (MACD) and its signal line continue to sustain an uptrend, with rising green histogram bars indicating increased bullish momentum. 

ENA/USDT daily price chart.

On the contrary, if Ethena fails to maintain a daily close above the $0.54 level, it could temper gains and retest the $0.46 support floor.