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Whales keep buying ENA, reducing supply despite price drop, signaling strong long-term confidence.

Technical Signals
30 Jul 2026
AMBCrypto
View Source
Neutral
pluang ai news

Large investors (whales) continued accumulating Ethena (ENA) tokens, withdrawing over 102 million ENA worth about $8.49 million from exchanges and moving many into staking. This reduced the liquid supply available for trading even as ENA's price slipped, showing a disconnect between whale confidence and short-term market sentiment. The price found support around $0.0800 within its ascending channel, suggesting the underlying trend remains intact but with weakened buying momentum. If the price rebounds above $0.0900, it could regain strength; if it falls below $0.0800, further declines toward $0.0700 are possible.

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