Accumulate

Rally

Ethena

Spot

<p>Whale investors are doubling down on <a href="https://captainaltcoin.com/why-is-ethena-ena-price-up-2/" target="_blank" rel="noopener noreferrer nofollow">Ethena (ENA)</a>, sparking speculation about a potential price rally. Recent high-profile purchases and rising demand during price dips have piqued interest in the token’s growing momentum in the market.</p>
<h2 class="wp-block-heading" id="strong-whale-activity-intensifies-around-ena-strong"><strong>Whale Activity Intensifies Around ENA</strong></h2>
<p>Spot On Chain, a blockchain analytics platform, reported that Donald Trump’s <a href="https://www.fxleaders.com/news/2024/12/19/ethena-labs-forms-strategic-alliance-with-trump-backed-world-liberty-financial/" target="_blank" rel="noopener noreferrer nofollow">World Liberty Financial recently </a>purchased 231,726 ENA tokens for $250,000 USDC, further solidifying its bullish stance on the asset.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">After announcing a partnership with <a href="https://twitter.com/ethena_labs?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@ethena_labs</a>, Donald Trump’s World Liberty Financial (<a href="https://twitter.com/worldlibertyfi?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@worldlibertyfi</a>) spent 250K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a> to buy another 231,726 <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ENA</a> 20 minutes ago!<br><br>Since November 30, World Liberty Financial has spent $45M to buy 6 crypto assets, including:<br><br>• 8,105 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>… <a href="https://t.co/qD12WmjT7X" target="_blank" rel="noopener noreferrer nofollow">https://t.co/qD12WmjT7X</a> <a href="https://t.co/PrFmUH4KLH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PrFmUH4KLH</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1869476938823438648?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 18, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This adds to the organization’s substantial crypto investments, totaling $45 million across six assets since late November. Among its holdings, ENA now accounts for 741,681 tokens bought at an average price of $1.011, demonstrating confidence in the token’s potential.</p>
<p>In addition to World Liberty Financial, prominent crypto analyst Ali Charts highlighted whale accumulation during a recent price dip. Ali noted that over 36.55 million ENA tokens were acquired during the downturn, indicating robust demand even as prices momentarily retreated.</p>
<h2 class="wp-block-heading" id="strong-price-movements-and-market-trends-strong"><strong>Price Movements and Market Trends</strong></h2>
<p><a href="https://thecurrencyanalytics.com/altcoins/5-92m-whale-move-could-propel-ethena-ena-to-40-surge-152107" target="_blank" rel="noopener noreferrer nofollow">Ethena’s price</a> has seen notable shifts in recent weeks as per an analysis of Ali’s chart. After climbing from $0.91 to a peak of $1.34, the token faced a sell-off that saw it retrace to $1.08.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="489" src="https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw-1024x489.jpeg" alt="" class="wp-image-603395" srcset="https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw-1024x489.jpeg 1024w, https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw-300x143.jpeg 300w, https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw-766x366.jpeg 766w, https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw-1536x733.jpeg 1536w, https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw-2048x978.jpeg 2048w, https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw-314x150.jpeg 314w, https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw-100x48.jpeg 100w, https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw-733x350.jpeg 733w, https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw-788x376.jpeg 788w, https://captainaltcoin.com/wp-content/uploads/2024/12/GfHBFiJWsAAdGpw.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Source: </em></strong><a href="https://x.com/ali_charts/status/1869487625691955658" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Ali Charts</em></strong></a>
 </figcaption>
</figure>
<p>At publication, <a href="https://coinmarketcap.com/currencies/ethena/" target="_blank" rel="noopener noreferrer nofollow">ENA trades at $1.16,</a> reflecting a 3.63% gain in the past 24 hours. Besides, the analysis points to key price zones. A support level has been identified around $1.03, where buyers showed strong interest during the recent dip.&nbsp;</p>
<p>Resistance remains near $1.34, the point of the recent high before the sell-off. Despite the volatility, the current stabilization phase suggests a potential rebound.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-the-crypto-market-down-today-38/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is the Crypto Market Down Today?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-analyst-predictions-and-community-sentiment-strong"><strong>Analyst Predictions and Community Sentiment</strong></h2>
<p>Crypto influencer Route 2 FI expressed optimism about ENA’s future, recalling the token’s earlier promotion when prices were just $0.30.&nbsp;</p>
<p>Route 2 FI emphasized ENA’s appeal as a high-yield asset within the decentralized finance (DeFi) space, reinforcing the belief that the token could soon hit $2.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Been in <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ENA</a> spot since Pigeon shilled it at like $0.30 some months ago.<br><br>This coin is going to $2 in a very short time.<br><br>It is a bet on the casino. People want the highest yield, and Ethena is giving it to them. <br><br>Study relative strength.</p>— Route 2 FI (@Route2FI) <a href="https://twitter.com/Route2FI/status/1869633740802249072?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 19, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>With whale accumulation continuing and market confidence building, Ethena remains a focal point for traders seeking both short-term gains and long-term potential.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</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/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" 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-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </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/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ethena-whales-accumulate-as-expert-predicts-ena-price-rally-to-2-soon/" rel="noopener noreferrer nofollow">Ethena Whales Accumulate as Expert Predicts ENA Price Rally to $2 Soon</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethena Whales Accumulate as Expert Predicts ENA Price Rally to $2 Soon

Table of Contents

CaptainAltcoin

Other articles published on Dec 19, 2024

Bitcoin price has legs above $100K despite holders booking record profits — Analysis

Crypto Market Update: Bitcoin Rallies, TON Wallet Launches, and $2.2 Billion in Hacks Uncovered

Santa’s Crypto Picks: 3 Altcoins to Watch as the Market Heats Up

Michael Saylor, Elon Musk's Bitcoin 2020 Discussion Flashback: Details

Kicking Yourself Over Bitcoin Cash? This New Layer 1 Project is Making Splashes as the Best Crypt...

BTC reclaims $100K but weekly chart forming ‘bearish engulfing’ candlestick

Join our free newsletter for daily crypto updates!