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 7.58% of the total supply, valued at about $104 million. This staking reduces liquid supply and may limit selling pressure, supporting bullish momentum indicators that suggest ENA could target $0.098 if it holds above $0.09. However, a drop below $0.09 could lead to a pullback toward $0.083.
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, ...
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...
