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Ethena-linked wallet transfers $14M ENA tokens, challenging price recovery amid rising supply.

Technical Signals
19 Aug 2026
AMBCrypto
View Source
Neutral
pluang ai news

An Ethena-linked wallet moved 170 million ENA tokens worth about $14.09 million to FalconX, raising concerns about increased supply despite no confirmed direct sales. This transfer, along with positive net inflows to exchanges, introduced supply pressure at a time when ENA was attempting to recover from recent lows. Buyers have defended key support levels around $0.0817, but resistance near $0.0900 remains a critical barrier. Derivative liquidity clusters around $0.085–$0.087 suggest potential upside if demand sustains, though continued inflows could weaken the recovery and push prices lower toward $0.0768.

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