Wallets linked to the Ethena team deposited 7.524 million ENA tokens worth about $672,000 to Binance just before a scheduled unlock of over 267 million ENA tokens valued at $23.6 million between June 2-5. This raised concerns about potential sell pressure as traders often interpret such deposits as preparation for selling. Despite this, ENA rebounded from its $0.0790 support level to $0.0912, showing some buyer interest. However, negative funding rates and increased exchange inflows indicate cautious sentiment and risk of further selling during the unlock period. The token's price action and technical indicators suggest a critical phase where demand must absorb new supply to avoid renewed downward pressure.
Ethena (ENA) holders are increasingly profitable, with daily transaction volumes in profit surpassing those in loss, indicating many holders are above their cost basis. Whale and retail trader activity has risen alongside ENA trading above its 20-day...
Bitcoin stabilized around $62,600 after a recent drop from $64,400 to $61,800, with significant liquidations mostly affecting long positions. South Korea's KOSPI index has fallen 10% since Friday, causing a massive 1,426% surge in crypto trading volu...
Ethena (ENA) has gained 14.11% since early July, reclaiming short-term resistance at $0.08, helped by strong user deposits via Robinhood Earn. However, the token remains down 94% from its all-time high and faces a bearish long-term trend with key res...
