Recent news in the crypto market reveals a convincing performance for
ENA Coin, the native token of the Ethena project. Although volatile, ENA has managed to impress, despite the cooling of Bitcoin and monumental pressures by the token unlocks. It has also gained interest from Anchorage Digital under the GENIUS Act, looking to offer rewards on Ethena's tokens. Despite a stiff competition among stablecoins, Ethena's
USDe drew attention momentarily losing its peg amid a tremendous cryptocurrency liquidation cascade. Maintaining the key supports, the token eyed significant rallies at multiple occasions and even outperformed amid a $1.2B market crash. Correspondingly, Ethena's entry into the race for
Hyperliquid's stablecoin with a BlackRock-backed proposal, and its $66M investment boost by MEXC ventures indicates the project's innovative approach in ensuring
hyperliquidity in digital assets. Nevertheless, ENA Coin faced critical downturns linked to token unlocks while projecting a promising recovery phase. The recent improvements such as the USDe stablecoin listings on major exchanges, notably Binance, and its $500M buyback hopes, have led to an upward price movement for ENA. The coin's traction has equally attracted interest from M2 Capital, Arthur Hayes, and CZ's family office. Furthermore, partnership announcements with
Jupiter to launch Solana-native JupUSD stablecoin and
Anchorage Digital for GENIUS compliant stablecoin hint at possible expansion and widespread user adoption.
ENA Coin News Analytics from Thu, 24 Jul 2025 07:00:00 GMT to Wed, 26 Nov 2025 10:02:09 GMT -
Rating -2
- Innovation 7
- Information 5
- Rumor 5
