Ethena (ENA) has seen a roller coaster in terms of price action, with indicators predicting recovery from its $0.37 support level. The crypto project has been making headlines as it aims for a Q2 mainnet launch, fostering partnerships like with
BlackRock for a stablecoin and the investment of a staggering $100M for a new token launch. However, it also faced major scrutiny when it was forced to withdraw from the German market due to regulatory issues. Despite this, ENA's price soared by
525% after a $500K investment from
WLFI, and was listed among the top strong crypto coins to watch in 2025.
Ethena's price dipped as the project grapples with a significant token unlock amounting to 66% of its circulating supply, despite its
total value locked (TVL) nearing $6B, with ENA price not keeping pace with this growth. However, ENA token rallies with its integration by
Deribit into the USDe stablecoin. In terms of partnerships, Ethena agreed to offer
USDe to one billion Telegram users through a partnership with
TON. Furthermore, Ethena's token soared by 26% with analyst forecasts predicting further rally towards $1.72.
ENA Coin News Analytics from Thu, 28 Mar 2024 12:24:32 GMT to Thu, 08 May 2025 07:00:00 GMT -
Rating -2
- Innovation 8
- Information 6
- Rumor -6
