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In a sign of growing risk aversion, $ENA stakers have started to liquidate their holdings. A prominent whale, known by the address 0x8fA…CA160, recently withdrew all 5.64 million $ENA tokens staked in Ethena and Pendle, worth approximately $1.44 million, and transferred them to Binance yesterday. This whale had accumulated these tokens at an average price … Read more
$ENA is currently facing a challenging period, approaching the crucial $0.20 support level amidst persistent bearish trends. The situation looks particularly dire for one significant investor, Whale 0x118d5, who might incur substantial losses if they decide to sell now. The wallet 0x118d5 (icrypto.ai/wallet/0x11d85…) gradually withdrew 4.09 million $ENA from Binance around four months ago and … Read more
Ethena’s ENA token has experienced a dynamic week, rising 19% over the past seven days. However, recent market movements have seen GSR Markets, a key market maker for ENA, deposit 5.5 million ENA tokens worth $4.84 million into Gate. This action coincided with a 5.4% drop in ENA’s price over the past 24 hours and … Read more
The crypto market holds steady at a valuation of $2.31 trillion, experiencing a 2.60% decline in the last 24 hours. In the preceding week, bitcoin and ethereum each dipped between 5.4% and 1.8%. Notably, only four coins experienced double-digit increases, with helium (HNT) emerging as the top performer with a 34.3% rise this week. Crypto … Read more
Ethena, a crypto-native solution built on the Ethereum blockchain, continues to impress as it achieves new all-time highs, reaching $1.497 with a remarkable 15% gain today alone. In a flurry of recent activity, two Wintermute addresses received a substantial amount of ENA tokens from the Ethena project, totaling 8.43 million ENA, valued at $10.3 million. … Read more
In the past 24 hours, the price of Ethena ($ENA) has experienced a significant surge, surpassing the $1 milestone and climbing over 11% to reach an all-time high of $1.341. Recent on-chain reports suggest a growing trend of whale accumulation of the token, indicating heightened investor interest. Whale 0x4f6 made headlines by withdrawing a substantial … Read more
On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended to become the fifth-largest stablecoin by market capitalization, now valued at over $2 billion. USDE to Utilize Bitcoin as Collateral An update shared by Ethena … Read more
Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per token. Currently, it ranks among the top 100 coins by market capitalization, boasting a total valuation of $1.36 billion at the time of reporting. Rapid … Read more
Ethena, the protocol for the synthetic crypto native dollar, has announced an airdrop of its governance token, ENA, for participants in its shard campaign. The platform has stated that after a 6-week shard operation, 750 million ENA (which is 5% of the total supply) will be airdropped, with the number of shards held by each … Read more
