Accumulate

Show

Ethena

Coin

<p>The crypto market has been abuzz with activity as two whales, <a href="https://platform.spotonchain.com/en/signal-details/two-whales-withdrew-ena-from-binance-for-staking-84501" target="_blank" rel="noopener noreferrer nofollow">identified</a> as 0xd38 and 0x29f, withdrew a combined 8.592 million ENA tokens ($11.83 million) from Binance and staked them in the “Ethena: LP Staking” contract within a span of 15 minutes.</p>
<p>This significant move comes on the heels of Ethena Labs introducing Season 2, which allows ENA stakers to earn additional tokens as rewards.</p>
<h2 class="wp-block-heading" id="whale-0xd38-s-activity">Whale 0xd38’s Activity</h2>
<p>Whale 0xd38, with the address 0xd380ab76b42254992622b7272335d1bb37667246, withdrew 4.5 million ENA tokens ($6.18 million) at an average price of $1.373. Interestingly, this whale had previously claimed 2.085 million ENA from project-related wallets at an average price of $0.68 ($1.42 million) on April 2 and 4, 2024. Shortly after receiving these tokens, the whale deposited them to Binance at an average price of $0.654 ($1.36 million).</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="626" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-428-1024x626.png" alt="" class="wp-image-471127" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-428-1024x626.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-428-300x183.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-428-767x469.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-428-1536x939.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-428-2048x1252.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-428-245x150.png 245w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-428-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-428-573x350.png 573w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-428-788x481.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-428.png 1908w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="whale-0x29f-s-first-time-withdrawal">Whale 0x29f’s First-Time Withdrawal</h2>
<p>Whale 0x29f, with the address 0x29fec057b86ef46d240bd271837369f5715335ef, withdrew 4.092 million ENA tokens ($5.65 million) from Binance at an average price of $1.379. This marks the first time Whale 0x29f has made such a significant withdrawal.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="ena-price-surge">ENA Price Surge</h2>
<p>Following the introduction of Ethena Labs’ Season 2, which incentivizes ENA staking with additional token rewards, the ENA price has experienced a remarkable 21.46% increase in the past 24 hours.</p>
<p>The increased demand for ENA tokens, as more investors seek to participate in the staking program and benefit from the added rewards, is responsible for this price surge.</p>
<h2 class="wp-block-heading" id="ethena-labs-season-2">Ethena Labs’ Season 2</h2>
<p>Ethena Labs’ Season 2 has been a catalyst for the recent whale activity and price surge in the ENA token. By offering additional token rewards to those who stake their ENA, Ethena Labs has created a strong incentive for investors to hold and stake their tokens, thus reducing the circulating supply and driving up the price.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="204" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-429-1024x204.png" alt="" class="wp-image-471135" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-429-1024x204.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-429-300x60.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-429-767x153.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-429-1536x306.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-429-2048x409.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-429-752x150.png 752w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-429-100x20.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-429-1755x350.png 1755w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-429-788x157.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The introduction of Season 2 demonstrates Ethena Labs’ commitment to creating value for its token holders and fostering a vibrant ecosystem around the ENA token. As more investors participate in the staking program, the increased demand and reduced supply of ENA tokens are likely to support further price appreciation.</p>
<p>The recent whale activity, involving the withdrawal and staking of 8.592 million ENA tokens ($11.83 million), has significantly impacted the ENA token price, resulting in a 21.46% surge in the past 24 hours. Ethena Labs’ Season 2 launch, which has created a strong incentive for investors to stake their ENA tokens and earn additional rewards, is largely responsible for this activity.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/crypto-whales-massively-accumulate-ethena-amid-ena-price-surge/" rel="noopener noreferrer nofollow">Crypto Whales Massively Accumulate Ethena Amid ENA Price Surge</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Whales Massively Accumulate Ethena Amid ENA Price Surge

Table of Contents

CaptainAltcoin

Other articles published on Apr 9, 2024

Ethena’s Price Soars 76% in a Week as Hottest New Meme Coin Nears DEX Launch

Defiance Investments Plans Launch of 2x Leveraged Ethereum Futures ETF

Lumoz Raises $6M for ZK-RaaS Platform Expansion

Fezoo’s Presale Revolution Attracts Bitcoin Cash & Dogecoin Traders Promising Rich Rewards Amid M...

Navigating the Digital Frontier: Metaplanet’s Strategic Bet on Bitcoin

Dogecoin Dev Ends Speculation on Elon Musk's DOGE Holdings

Join our free newsletter for daily crypto updates!