Mechanism Capital transferred about 7 million Ethena (ENA) tokens to KuCoin shortly after investing in the project, raising concerns about potential selling despite their bullish statements. Market data shows strong selling pressure in both spot and futures markets, pushing ENA's price down to test a key support level at $0.1870. While top traders remain bullish, the aggressive selling could drive the price lower toward $0.1354 if the support fails. ENA's ability to hold $0.1870 is crucial for a short-term rebound; otherwise, the bearish trend may continue.
Following the recent transfer of 7 million ENA tokens by Mechanism Capital, ENA shows resilience on Pluang, trading at Rp3.405 with a positive 1-day change of 4.48% as of Oct 19, 2026 22:22 WIB. The market cap stands at Rp44.69 trillion with a 24-hour volume of Rp7.04 trillion, while order activity leans slightly towards buying at 56%. Typical hold time on Pluang is 45 days, indicating moderate investor confidence amid the ongoing market dynamics.
Ethena (ENA) saw a notable price increase of 9.15% over four hours, reaching $0.1921 on the Binance spot ENA/USDT pair as of October 18. Despite a smaller 24-hour gain of 2.07%, the short-term surge highlights increased trading activity. During the s...
Ethena (ENA) token saw a 4.43% increase to $0.1839 within one hour on October 18, while still being down 1.71% over the past 24 hours. During this hour, short liquidations amounted to $10,000 across Binance, Bybit, and OKX, with no long liquidations ...
Ethena (ENA) saw its price rise 7.23% within four hours to $0.2002 on Binance's spot market, surpassing its 24-hour gain of 2.46%. This sharp increase occurred despite a relatively low liquidation volume of $30,000 in shorts across Binance, Bybit, an...
Ethena's governance token ENA fell 11.37% to $0.1862 on October 15, continuing a decline that began the previous day. The drop followed a 7.31% fall over four hours on October 14. Although the September Consumer Price Index showed inflation rising, t...
Ethena (ENA) saw a sharp decline of 12.3%, falling below the critical $0.20 support level to around $0.184 following the release of the September Consumer Price Index (CPI). This drop erased gains made in late September and October. The price volatil...
