⇑ Ethena's ENA Triumphs Amidst Stablecoin Surge
Arthur Hayes has invested $1 Million in ENA in anticipation to a forthcoming USDH Vote Decision. ENA's accumulation amounts to $10M after...
In the recent news, Arthur Hayes had invested about $1M into ENA before the USDH vote. This was followed by a trend of soaring altcoin prices including HYPE, WLFI, and ENA while Bitcoin was seen to cool down. Further, Ethena was offering a $360M deal in a bid to join the crypto treasury trend while Coinbase embarked on Perpetual Futures Expansion introducing strategic additions of numerous coins including ENA. Depending upon market situations, Ethena's value was predicted to rally by 30% aiming for $0.62 as it solidifies at a $0.46 support hold. Ethena even launched a treasury initiative with the purchase of locked tokens amounting on an impressive scale of $360m. Even though Ethena's USDe stablecoin dollar peg slipped temporarily during the crypto upheaval, it quickly regained position. Ethena recently partnered with Jupiter to launch a native Solana stablecoin, JupUSD. There was also a strong wave of ENA token investment surging $500M with the Binance USDe listing and an anticipated buyback value. M2 Capital invested a significant $20M into Ethena to broaden digital assets in the Middle East. Amidst the concerns of Stagflation and Fed Cuts, the crypto market remains bullish on Bitcoin, Ethena, Solana, and others. Among other events, Ethena also pulled back a staggering $440M in ENA from Coinbase Prime and formed a strategic alliance with Anchorage Digital for a GENIUS compliant stablecoin. The ENA coin price witnessed a sizeable increase owing to various factors and the market possibly foresees an ENA price surge toward $10 by 2025-2031.
ENA Coin News Analytics from Fri, 21 Mar 2025 07:00:00 GMT to Sat, 31 Jan 2026 21:38:12 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor 7