Token

Ethena

Coin

<ul class="news-points"> 
 <li>ENA’s price rose to $1.16, a 3.18% increase in the last 24 hours.</li> 
 <li>Whale boosts ENA stake, withdrawing 18.12M tokens.</li> 
 <li>Technical indicators suggest strong ENA buying pressure.</li> 
</ul> 
In the last 24 hours, the <a href="https://coinedition.com/ena-surges-by-13-amid-a-possible-correction/">Ethena (ENA) token</a> has exhibited strong bullish momentum, with its price fluctuating between a daily high of $1.217 and a low of $1.059. As of press time, ENA is trading at $1.16, reflecting a 3.18% increase from the previous day. 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/4ctxE6e1Oxv3777epSctsrs8Q690Q8wDEO3nHdPE-dXuzxyWSU5mvN56kI3MnPX_841-wYA5vfN74MF98E0IZyDuS_0un2-8Px2ya4QpE0EsKVZ7QKrk6ilgdewvXh5WYCP34say2ennKLWFBHD-9-8" alt="">
 <figcaption class="wp-element-caption">
 ENA/USD 24-Hour Chart (Source: <a href="https://coinstats.app/coins/ethena/" target="_blank" rel="nofollow">CoinStats</a>)
 </figcaption>
 </figure>
</div> 
ENA’s market capitalization also rose by 2.88%, reaching $1.666 billion. Despite this positive price movement, ENA’s trading volume declined significantly, dropping by 32.11% to $912.244 million. This decrease in trading volume suggests a reduction in trading activity. 
However, the volume/market cap ratio, which stands at 54.16%, indicates that there remains considerable interest and investment in the ENA token, even amid the recent dip in trading volume. 
<h2 class="wp-block-heading" id="h-whale-increases-stakes-in-ena">Whale Increases Stakes in $ENA</h2> 
The optimistic trend of ENA can be linked to an investor, often termed a “whale,” who has markedly boosted their stake in the digital asset $ENA. According to a spot-on chain tweet, within the past fo…
The post <a href="https://coinedition.com/ethena-ena-token-rides-bullish-wave-fueled-by-whale-stakings/">Ethena (ENA) Token Rides Bullish Wave Fueled by Whale Stakings</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ethena (ENA) Token Rides Bullish Wave Fueled by Whale Stakings

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