ENA token price drops as major holders sell 3.36 million tokens worth $3.17 million on Binance, triggering market concerns.
Whale sales have led to a noticeable drop in ENA token prices, but there's hope for a rebound with new partnerships on the horizon.
ENA token takes a hit, dropping 10% as Ethena whales dump millions. Investors are on edge, pondering the next move. What's the future for ENA?
Ethena's price fluctuates with a 63% rise last month but an 11% drop this week. It's in a consolidation phase, lacking strong momentum. Traders are eyeing key levels: resistance at $1.07 and support at $0.94. Movement beyond these points could signal major price shifts.
Ethena's strategic partnership with Trump-backed WLFI boosts ENA token's value by improving stablecoin liquidity and user rewards. The integration of sUSDe in WLFI’s Aave platform marks a significant move in decentralized finance.
Ethena's ENA token defies the crypto market downturn with an 8.50% increase, thanks to strategic partnerships and strong whale interest. As major players accumulate ENA, the token shows significant resistance support, fueling optimism for future gains. However, market challenges persist, and price movement will depend on current trends.
Trump’s World Liberty invests $250K in ENA, boosting their total to 741,687 tokens. The move, using Cow Protocol, highlights their active portfolio expansion in DeFi. Earlier collaborations included Ethena Labs.
Ethena Labs has launched a new stablecoin, USDtb, backed primarily by BlackRock's BUIDL fund. This launch has stirred excitement and positively affected Ethena's native token. USDtb aims to offer more stability and competes with giants like USDT and USDC.
ENA launches USDtb, a new stablecoin supported by BlackRock's BUIDL. This initiative marks a significant financial venture leveraging BlackRock's assets.
Ethena explores ENA's future following World Liberty Financials' $500K investment, considering the project's potential and recent Trump-backed developments.
Trump's cryptocurrency project, World Liberty Financial, reportedly bought $500,000 worth of ENA tokens, leading to a price spike. ENA is listed on Binance.
Traders' skepticism regarding ENA may cause its price to remain stable at current levels.
ENA surged by 18.05%, breaching critical resistance levels. This rise indicates the possibility of reaching a $1.53 target amidst a bullish trend.
Ethena and Securitize introduce a stablecoin backed by BlackRock as part of Spark's $1 billion tokenization initiative. Ethena's coin, ENA, is priced at $0.7784.
Amber Group has withdrawn 6.92 million ENA, valued at $4.78 million, from Binance.
The ENA price has surged 123%, eyeing a target of $0.95 with a triangle breakout. Its market cap has surpassed $2 billion, marking a nearly 40% rise in seven days. Analysts are exploring if the bullish trend will push the price beyond $1.
Arthur Hayes has significantly influenced ENA’s market value through his strategic investments, increasing interest and liquidity in the altcoin market.
ENA surged 14% to $0.6435 as Arthur Hayes boosted his investment in the token, leading to a 10.68% rise in market cap to $1.82 billion.
ENA's price may be influenced by whale activity as they possibly attempt to catch the bottom.
A whale transferred 5.1 million ENA tokens to Binance, anticipating a $900,000 profit.
An Amber Group wallet recently withdrew 3.92 million ENA, valued at $2.18 million, from Binance, marking a noteworthy transaction in the crypto sector.
Ethena's native token, ENA, surged 30% amid discussions of a proposal to introduce a fee switch mechanism, allowing ENA holders to benefit from platform fees. The proposal has driven up demand, resulting in significant price and trading volume increases.
Anchorage Digital has withdrawn 10.7 million ENA tokens worth $3.96 million from Binance, anticipating a bullish altcoin rally.
Anchorage Digital has increased its ENA holdings by withdrawing a substantial amount from Binance. The ENA coin has seen a 43% drop in value since its release in April 2024.
Anchorage Digital executed a major transaction by withdrawing 10.7 million ENA, worth $3.96 million, from Binance. This marks the largest transaction by the company so far.
ENA token surges 15% towards $0.50, raising hopes for a $1 target by 2024.
Amid Bitcoin's price decline, WIF and ENA coins also face losses. Market analysts share trends to guide investors during ongoing volatility.
ENA trading volumes have surpassed $500 million daily, indicating a recovery in the Ethena Network. Despite this surge, the network's TVL has decreased from $3.6 billion in July to $2.43 billion in October. ENA's price saw a 78% increase recently, but it remains below its all-time high.
