Ethena's ENA Token Rallies 4% Amid Arthur Hayes' $2.73M Sell-Off
Ethena's ENA token gained 4% despite Arthur Hayes selling $2.73 million worth of tokens, with traders monitoring key resistance levels.
Ethena's ENA token gained 4% despite Arthur Hayes selling $2.73 million worth of tokens, with traders monitoring key resistance levels. Ethereum (ETH) is trading at $2,315.95, down 0.3% since this brief published. This is an original TLT brief synthesising 2 outlets (Crypto Economy, Crypto.news), plus live market data, as of Mon, 26 Oct 2026 17:00:06 UTC.
The development highlights the resilience of Ethena's ENA token amid significant selling pressure from a high-profile investor, while also showcasing the token's recent upward momentum. This situation tests market confidence and could influence investor sentiment regarding Ethena's stability.
- Ethena's ENA token rose 4% despite Arthur Hayes selling $2.73M worth.
- Hayes' total crypto sales over 24 hours amounted to $28.8M, with $6.65M in profits.
- ENA's price rebounded toward $0.21, with traders watching $0.23 resistance.
- Ethena's TVL stands at $5.06B, down 2% over the past week.
Crypto Economy and Crypto.news both report that Ethena's ENA token gained approximately 4% in the past 24 hours, despite Arthur Hayes selling $2.73 million worth of ENA. They agree that Hayes' total crypto sales over the past day amounted to $28.8 million, with around $6.65 million in profits, primarily from ETH and ENA. However, Crypto.news emphasizes the importance of the $0.23 resistance level and the potential for a price correction, a detail not highlighted by Crypto Economy.
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- Ethena's ENA Token Rallies 4% Amid Arthur Hayes' $2.73M Sell-Off — this brief
Ethena's ENA token has shown resilience, gaining around 4% in the past 24 hours, even as Arthur Hayes, a prominent crypto investor, sold $2.73 million worth of ENA tokens. This sale was part of a larger sell-off by Hayes, who disposed of $28.8 million in various cryptocurrencies over the past day, according to on-chain analytics firm Lookonchain.
The sell-off resulted in Hayes realizing profits of approximately $6.65 million, with 
Ethereum (ETH) and Ethena (ENA) being the primary sources of these gains. Despite this significant selling pressure, ENA's price rebounded, hovering near the $0.20-$0.21 range.
Traders are now closely monitoring the $0.23 resistance level, as noted by Crypto.news, with the potential for another price correction if this level is not breached. The broader market remains relatively flat, with the total crypto market cap at $2.76 trillion and 
Bitcoin experiencing a slight 0.22% decline over the past 24 hours.
Ethena's Total Value Locked (TVL) stands at $5.06 billion, according to DeFiLlama, marking a 2% decrease over the past week. This figure underscores the platform's significant position in the decentralized finance (DeFi) landscape, despite the recent decline.
The Fear & Greed index currently sits at 50, indicating a neutral market sentiment. Ethereum's price is at $2324.05, down 0.68% in the last 24 hours and 3.36% over the past week, with a market cap of $283.96 billion.
Since this brief published about 1 hour ago, Ethereum (ETH) has moved from $2,324.05 to $2,315.95 — -0.35%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₦3.20M (about $2,315.95), down 1.6% over 24 hours. The naira itself trades about 3.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 26, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ethena's ENA Token Rallies 4% Amid Arthur Hayes' $2. — questions & answers
Why did Ethena's ENA token price increase despite Arthur Hayes' sell-off?
The price increase suggests strong market demand for ENA, potentially overshadowing the impact of Hayes' sell-off.
What is the significance of the $0.23 resistance level?
The $0.23 resistance level is crucial as it could determine whether ENA's price continues to rise or faces a correction.
How much profit did Arthur Hayes make from his crypto sales?
Arthur Hayes realized approximately $6.65 million in profits from his crypto sales, primarily from ETH and ENA.
How much is 1 Ethereum worth in naira today?
About ₦3.20M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $2,315.95. The naira price moves with both ETH's US-dollar price and the USDT/NGN rate; use our Ethereum in naira page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is down 0.35% since this brief first published — trading at $2,315.95 now versus $2,324.05 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.