Ethena (ENA) has experienced substantial growth, with its price holding strong at $0.212 and there are high hopes for it to break the $0.50 mark. Additionally, the coin saw a 34% rise after a golden cross, causing many to anticipate the price reaching $2.4. However, with $54 million ENA tokens being unlocked, it's causing concerns of oversupply by 2026. The coin stood enduring with a reserve of $500 million during Binance USDe Listing and its price surged despite massive token unlocks, which indicates a strong market belief in its potential for high return.
Ethena's USDe Stablecoin posed a significant challenge to Dai and other stablecoins, with the former's high surge in market capitalization to an all-time high of $9.3 billion. But it briefly lost its dollar peg during the $19 billion crypto liquidation cascade. Intriguingly, retail giant BlackRock is backing Ethena's proposal to join the race for Hyperliquid's stablecoin.
ENA saw massive investment and trading activity, with MEXC Ventures raising its investment in Ethena to $66 million, and M2 Capital investing $20 million for Ethena's expansion in digital assets in the Middle East.Investment was drawn to the crypto, especially after Arthur Hayes doubled down on his ENA stake and shared news of potential 3000% growth in the incoming stablecoin supercycle. The cryptosphere speculates ENA could be the next big altcoin to explode within the next few months.
Regulatory Compliance is another feather in Ethena's cap with Anchorage Digital aiming to offer ENA rewards under the GENIUS Act.
Ethena Labs' strategic shift saw a major 25 million token move, generating speculation about impending market dynamics. Ethena Labs' decision to withdraw its bid for Hyperliquid's USDH stablecoin amid pushbacks underscored the tailored strategic direction the company is taking.
ENA prospers despite uncertainties with strong institutional buying fuelling its recovery. Its price soared 14% in spite of massive token unlocks and it rallied over 12% following StablecoinX's $530 million capital raise. The bull run seems to be persisting amidst these unlocks.
ENA Coin News Analytics from Thu, 24 Jul 2025 07:00:00 GMT to Mon, 29 Dec 2025 14:33:49 GMT -
Rating 6
- Innovation 8
- Information 7
- Rumor 4
