According to CoinMeta, the price of Ethena ( ENA ) rose by about 65% on August 21, reaching $0.142. This increase was driven by a $1 billion loan agreement reached with FalconX, as well as the bullish comments from BitMEX's co-founder Arthur Hayes. According to data from Crypto.News, the price of Ethena was near $0.140 at the time of release, with a daily increase of about 20%. The token started at $0.116 and briefly reached $0.1448, continuing the upward trend since August 18. This round of gains enabled ENA to break through several resistance levels; buyers first reclaimed the $0.10 mark, followed by breaks above $0.1099, $0.1221, and $0.1343. In a tweet on August 21, Hayes stated that a 5-fold return on ENA was "too easy," and attached a chart indicating a target price of around $0.50.