Ethena (ENA) enjoyed various significant price movements recently with some moments of significant price dips. Renowned crypto enthusiast
Arthur Hayes made various substantial investments in
ENA tokens as the price rebounded including an accumulation of $1.5 million worth of tokens during a 3.88% dip. While the coin faced resistance ahead of its
Coinbase listing, it recorded double-digit growth in the process. Amid these developments, there are increasing rumors of a possible large-scale accumulation by a mystery Whale. An ongoing concern for
Ethena is the unlocking of tokens, which some market observers claim could negatively affect the coin's value.
Upbit recently announced the listing of
ENA, with the token experiencing a consequent uptick of 20%. Other notable developments for
ENA include the roll out of a new
USDtb stablecoin backed by BlackRock's RWA and the coin's adoption of a fee-sharing proposal.
ENA has also been listed on Coinbase's Asset Listing Roadmap, sparking an 8.6% surge, and has a potential future listing on
Grayscale. Despite facing regulatory challenges in Germany,
Ethena has attracted numerous high-profile investments, including
World Liberty Financial's $100 million investment and
MEXC Ventures backing the ENA and USDe Stablecoin, due to rising demand.
ENA Coin News Analytics from Tue, 10 Sep 2024 07:00:00 GMT to Sun, 13 Jul 2025 21:18:49 GMT -
Rating 2
- Innovation 8
- Information 6
- Rumor 5
