Arthur Hayes purchased 25.33 million ENA tokens for $5.53 million at an average price of $0.09, now holding an unrealized profit of 146%. He predicts ENA could reach $0.50, though this is a personal target, not an official forecast. Ethena has approved a fee switch directing 95% of its net revenue toward ENA buybacks and redistribution to token holders, linking protocol earnings to token demand. ENA/USD currently trades near resistance at $0.1976, with technical indicators showing mixed momentum and a 62% chance of price increase in the near term. The price prediction depends on protocol revenue, buyback execution, and market conditions, with no guaranteed timing or volume for future purchases.
ENA is trading at Rp3,452 on Pluang as of Sep 20, 2026 14:21 WIB, showing a strong 1-day gain of 6.71%. The token's market cap stands at Rp35.02 trillion, reflecting significant investor interest. Despite 83% of Pluang orders being sell orders, the typical holding period is 44 days, indicating some investors are holding through volatility.
