Ethena (ENA) has been trading in a narrow range between $0.090 and $0.093, with weak overall market demand despite a significant purchase of 38.89 million ENA tokens by a wallet linked to Amber Group. This large buy suggested potential accumulation, but broader market indicators like positive exchange netflows and negative USD inflows indicate sustained selling pressure. Technical signals show modest buyer advantage, so if large buyers return, ENA could break above $0.093 and target $0.10; otherwise, a drop below $0.090 could lead to a decline toward $0.086.
Ethena's ENA token has risen to around $0.093, up 3.7% daily and 10% weekly, supported by increased staking activity from large investors. A Coinbase-funded wallet staked 40 million ENA tokens worth $3.71 million, contributing to staked ENA reaching ...
Despite Ethena's growing role in stablecoins, its token ENA remains under $1 billion market cap with daily volume around $150 million. Recently, whales including BitMEX co-founder Arthur Hayes bought over 7 million ENA worth more than $1.2 million ju...
Ethena (ENA) led altcoin gains with a 12.1% price jump to $0.0886, driven by growing interest in its upcoming protocol upgrade. Other notable gainers included MemeCore (11.4%), Algorand (9.5%), Cardano (8%), and Avalanche (5.5%), reflecting varied in...
