Hayes Buys ENA: Crypto Whale Influencing USDH Vote?
Update: 2025-09-11
Description
Crypto Whale Alert: Arthur Hayes just dropped $1M on Ethena's ENA token right before a crucial vote for the USDH stablecoin ticker! Is it just a personal investment, or is Hayes trying to sway the decision? Ethena, backed by BlackRock, faces fierce competition from Native Markets, Paxos (with PayPal's support), and others, all vying to control USDH. With Kraken possibly listing USDH and HYPE, and validators set to decide this Sunday, the race is on to win trust and deliver long-term value to Hyperliquid's ecosystem.
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