⇑ Ethena Rockets in the Crypto Space: ENA Tokens Holds Potential for Bullish Breakouts
Ethena (ENA) is showcasing some significant uptrends and the market prospects seem largely positive. At $0.55, the crypto is defending its...
In a remarkable series of events, a total of 16.85 million ENA were deposited onto Coinbase by a cryptocurrency whale, resulting in a staggering $15.02 million deficit. In the midst of the ongoing competitive landscape between stablecoins, Dai and Ethena's USDe faced each other in the market, with Ethena’s USDe briefly losing its peg during a $19 billion crypto liquidation cascade. Over the next few months, Ethena (ENA) could potentially significantly increase in value.
Prices of Ethena (ENA) and Aptos (APT) have shown recovery ahead of a $705 million token unlock event. Furthermore, Ethena joined the race for Hyperliquid's stablecoin with a BlackRock-backed proposal, drawing attention from noteworthy crypto figures like Arthur Hayes, who predicted a massive 3000% increase for both ETHFI and ENA.
Ethena also announced a sizeable $20 million investment from UAE for DeFi growth. However, the ENA coin faced a 40% drop due to token unlocking. Despite setbacks, Ethena's USDe has reached a supply of $13 billion USD.
Ethena Labs withdrew $440 million in ENA from Coinbase Prime, in what seems to be strategic diversion of funds. Stagflation concerns versus Fed cuts have made crypto pundits bullish on Bitcoin (BTC), Ethena (ENA), and Solana (SOL).
Ethena’s endeavours are not contained within the established infrastructure of the crypto market; the project also entered a partnership to launch native Solana stablecoin, JupUSD. Jupiter launched JupUSD stablecoin with Ethena labs on Solana.
ENA Coin News Analytics from Thu, 24 Jul 2025 07:00:00 GMT to Tue, 23 Dec 2025 04:19:50 GMT - Rating 8 - Innovation 7 - Information 6 - Rumor 2