Arthur Hayes continues his aggressive investment strategy in the Ethena (ENA) ecosystem, buying another substantial amount of tokens and predicting a price target of $1.5 per coin. The latest move follows an earlier significant investment and aligns with a growing trend of institutional interest in the project. 4.45 million ENA tokens are now owned by Hayes after a recent purchase, valued at roughly $3.48 million, according to Lookonchain. This latest acquisition comes as StablecoinX, a company focused on accumulating ENA tokens, announced a massive $530 million financing round. The funding will further bolster their ownership in the project, driving up ENA prices. Hayes’ continued investment is fueled by positive technical signals and bullish predictions of market momentum. This coincides with growing trading volume for Ethena (ENA) that’s been bolstered by institutional participation. His prediction of $1.5 per token underscores a strong belief in the future of Ethena. The article details Hayes’ extensive investment portfolio, including Ethereum, other DeFi-linked tokens like LDO, HYPE, and PENDLE. This indicates a diversified approach to capitalize on rising market trends. A key aspect is the purchase strategy that aligns with market dips for potential upward movement, as exemplified by his recent purchases of ETH after previous sales. StablecoinX’s substantial investment in Ethena will likely contribute significantly to price movements, especially through an ongoing buyback program, adding to the project’s value and attracting further interest. The article highlights how this combined approach is driving positive market momentum for Ethena, with increased trading volume suggesting robust investor confidence.