Ethena (ENA), the cryptocurrency, has seen massive shifts in its performance according to recent reports. Despite downtrends in the larger cryptocurrency market, such as Bitcoin’s slump,
ENA demonstrated strength on charts. ENA’s price has soared 14%, even with token unlocks. Predictions suggest that despite these unlocks,
ENA might approach $1 again. ENA’s USDe stablecoin reached an all-time high market capitalization of $9.3 billion, and ENA’s own price surged by 13%, even with a massive token unlock coming soon. In addition, a significant event involving an investment of $100 million is expected and could impact ENA’s price on August 5th. Despite the volatility, whales bought 1.0 billion ENA tokens, promoting a 110% price surge. The crypto coin’s growth has been attributed to various factors such as support from investors – including Arthur Hayes who unloaded millions in ETH, PEPE, ENA, and Bitcoins, predicting that the latter would 'test $100K'. As a result, ENA surged around 130%. StablecoinX raised $360 million to acquire ENA tokens, boosting Ethena's value by 9%. Coinciding, the listing of Ethena (ENA) on Upbit has led to a hefty 19.27% surge. Furthermore, enormous buybacks and partnerships with companies such as Anchorage Digital resulted in ENA's increased valuation. There is speculation about ENA’s performance when faced with market corrections. Despite this, however, there has been a 22% surge alongside impressive metrics such as $2B USDe inflows and institutional adoptions. The market sentiment towards ENA also seems to be very positive, further boosting its potential for price growth.
Ethena remains resilient despite market fluctuations and future tariff concerns, marking an impressive 22% jump with the launch of its stablecoin facilitated by Arthur Hayes' purchase. Despite overall bearish trends in the crypto market,
ENA has been experiencing bullish gains, bolstered by $360 million capital through a potential StablecoinX’s SPAC merger, a strong influx of institutional demand, and a strategic focus on Stablecoin development. Another testament to the emerging success of
ENA has been through Arthur Hayes’ constant engagement through the purchase of ENA tokens, creating a steady upward price trajectory.
ENA Coin News Analytics from Tue, 03 Jun 2025 07:00:00 GMT to Wed, 06 Aug 2025 19:49:19 GMT -
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