Ethena, the creator of ENA Coin, has initiated partnerships with
Anchorage Digital for the issuance of a $1.5 billion USDtb Stablecoin in compliance with the GENIUS Act, causing
ENA Coin's price to experience significant growth.
Arthur Hayes, the former CEO of BitMEX, has endorsed ENA coin by purchasing large quantities of it, triggering substantial price surges. The
stablecoin launch and subsequent buy-in by notable cryptocurrency figures have led to a 22% elevation in the coin's price. Besides, the
whale accumulation and
institutional inflows have been cited as factors contributing to ENA's price increase. The introduction of a $260M buyback program by StablecoinX increased ENA's surge by 21%, with prospects of reaching $1.00 as USDe hits $7B. The monumental buyback, coupled with a 130% rally on $200M buybacks, has seen the Ethena's USDe surge to $7.3B with a 10% APY.
Allegations of speculative trading keyed on incoming Fibonacci retracement targets following price dips in
BONK, PENGU, and ENA. With the
launch of the USDtb Stablecoin and the notable buybacks, experts predict that the price of ENA coin is likely to go up moving forward.
ENA Coin News Analytics from Tue, 11 Feb 2025 08:00:00 GMT to Wed, 30 Jul 2025 06:49:46 GMT -
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