Ethena, the emerging cryptocurrency, is making strides towards reclaiming the $1 trading mark, experiencing a notable 13% gain today and currently trading at $0.89. This upward movement comes amidst intriguing developments involving whale activity and strategic maneuvers within the market. According to on-chain reports, a significant whale, identified as 0x5ab, has made a noteworthy withdrawal of ENA tokens from Binance for the first time. This whale withdrew a substantial 6.263 million ENA, valued at $5.31 million, at an average price of $0.848. This action marks the beginning of the whale’s accumulation of ENA tokens, signaling potential confidence in the project’s
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