Ethena (ENA) coin, a leading player in the crypto market, has experienced a series of critical events recently, with its predominantly bearish outlook also showcasing some silver linings. Lately, Ethena has been facing regulatory scrutiny, especially in
Germany, causing it to pull out from said market due to requirements not met with its USDe stablecoin. Notably, the German regulator identified critical 'deficiencies' in Ethena's USDe, halting its issuance. This regulatory pressure and the subsequent exit triggered a downfall in ENA's price, evidenced by a
70% decline in 2025 and a
16% drop prior to a major token unlock event. However, despite this downturn, some analysts have identified potential buy signals as ENA defended the $0.37 support level, suggesting a possibility of price recovery.
Ethena still maintains a focused approach towards the development and launch of its innovative technology, planning a Q2 mainnet launch with
Securitize and
Arbitrum. The company also announced a
USDtb Stablecoin, backed by BlackRock, to reduce USDe risks and move forward. Ethena has raised $100M for furthering its financial projects which indicates a promising future growth. However, the impact of a significant token unlock event scheduled on
Mar. 5, including
$728M worth of ENA, remains to be seen. The
TVL of Ethena is nearing $6B, although ENA's price is struggling to keep pace with this growth.
ENA Coin News Analytics from Tue, 03 Dec 2024 08:00:00 GMT to Wed, 23 Apr 2025 08:14:03 GMT -
Rating -3
- Innovation 6
- Information 2
- Rumor -2
