Arthur Hayes Calls Out Long on ENA Again: Significant Upside Potential as Basis Trading Resumes Seen as Bullish Signal

BlockBeats News, August 25th, BitMEX co-founder Arthur Hayes once again shills ENA: OTC brokers have started reaching out to us to inquire about borrowing USD. The interest rate is currently still too low, but this is a good signal that the basis trading is coming back. ENA will benefit from this, with significant upside potential.

In earlier news, Arthur Hayes accumulated a total of 22.64 million ENA at the beginning of the month, worth approximately $2 million. He had also mentioned at the beginning of the month that if an increase in USD liquidity drives BTC up, the return of Bitcoin basis yield may attract funds back to USDe, stating that ENA could potentially see a fivefold increase in the coming months.

According to HTX market data, ENA has experienced a 7.1% price drop in the last 24 hours, reaching $0.15.