Ethena (ENA) has recently seen a significant increase in its price, with a jump of 5% following a tease by
Kraken about listing the stablecoin
USDe. Ethena has been enjoying support from the likes of
Changpeng Zhao’s YZi Labs and
CZ's Family Office, both of which have deepened their stake in Ethena Labs. This interest is only bolstered as the USDe Stablecoin supply tops $13B. Analysts' price predictions for ENA are optimistic, eyeing a 50x upside potential, with the possibility of a breakout as USDe expansion signals show more breakout potential.
A notable aspect of Ethena's recent operations was its involvement in the race to issuance the Hyperliquid's USDH Stablecoin. Though it later withdrew, citing ecosystem concerns, this action brought considerable attention to the coin. Despite some price turbulence and a 17% drop in a week, enthusiast Arthur Hayes has unveiled a massive opportunity with ENA, with expectations of a significant price explosion. Ethena, however, maintains a bullish momentum with expectations of outperforming DeFi tokens.
Despite the wave of successes, Ethena did experience some setbacks primarily its withdrawal from the $5.5 Billion Hyperliquid Stablecoin Race. Despite this, the company has had a significant presence in the crypto-sphere with its native stablecoin ambitions, a boosted price by the addition of USDe to its Fiat on-Ramp, and a substantial investment by StablecoinX.
ENA Coin News Analytics from Thu, 24 Jul 2025 07:00:00 GMT to Tue, 23 Sep 2025 19:41:15 GMT -
Rating 8
- Innovation 7
- Information 6
- Rumor -4
