Ethena's
ENA Coin continues to be in the focus for various reasons: strong support and backing from
MEXC Ventures that raised its investment to $66M and
M2 Capital investing $20M, token investments, ENA price predictions, and bullish momentum in the market. In addition to the investments,
Changpeng Zhao's YZi Labs is deepening its stake in this promising digital asset, and there are strong hopes for a price surge due to a possible listing on
Binance USDe.
A noticeable milestone is
Ethena bulls pushing to break down the $0.70 support, aiming for $1. Various factors fuel the optimism, including a record $45 billion worth of stablecoin inflows, a significant UAE investment focused on DeFi growth, and Altcoin Season tailwinds. Analysts are eyeing a breakout to $1.40 and even $1.50.
The potential price fall below $0.61 has triggered bearish speculations, but the strong support at $0.75 and the recent 40% weekly gain have sparked bullish momentum once again. Reports also mention possible whipping up bullish momentum post-the Golden Cross, following which, an 18% rally has been observed.
Significant market trends, scrapping bid for
Hyperliquid’s stablecoin amidst possible ecosystem concerns, and new strategies focusing on
stablecoin governance tokens also worth noting. Despite massive token unlocks, Ethena has managed to hold the onslaught with a 14% price surge. The all-time high of
$9.3 billion for
ENA’s USDe Stablecoin, and the excitement that led to Arthur Hayes’s $1M ENA buy-in suggest highly bullish sentiments.
ENA Coin News Analytics from Thu, 24 Jul 2025 07:00:00 GMT to Wed, 01 Oct 2025 11:31:49 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 5
