Ethena (ENA) has made numerous appearances in the recent crypto news, with a mix of both positive and negative updates. Despite facing stiff resistance, the price of ENA token has seen a movement following its addition to Coinbase's listing roadmap. The news led to an 8.6% jump in its value, and speculations have been rife about a potentially significant price rally. As per a recent coin analysis, an unidentified whale has reportedly accumulated ENA worth $4.41M, feeding rumors around the Coinbase listing.
German regulator, however, found
'deficiencies' in Ethena's USDe and instructed immediate issuance stop. The move has significantly affected Ethena's operations in Germany, forcing the project to withdraw from the market. Nonetheless, Ethena has managed to raise $100M to launch a new token, despite an identified 70% price decline.
Meanwhile, ENA entered into a partnership agreement with TON to offer USDe to one billion Telegram users. It was also listed on Bithumb's KRW market, accompanied by an airdrop event. Overall, ENA continues to exhibit bullish momentum, even after a 35% pullback, suggesting the possibility for new all-time highs, although it does face a substantial $820M token unlock.
ENA Coin News Analytics from Thu, 26 Sep 2024 07:00:00 GMT to Sun, 06 Jul 2025 17:00:58 GMT -
Rating -2
- Innovation 2
- Information 7
- Rumor 3
