Ethereum Name Service (ENS) and Ethena (ENA) turned up as the biggest gainers in the crypto market over the last 24 hours while Bitcoin (BTC) took another chance to hit $100,000. Major altcoins like Ethereum (ETH) and XRP also rallied over 4% as the market sentiments remained 'Extreme Greed'.
ENS spikes by over 36%
Ethereum Name Service turned out to be the biggest winner of the day as its price spiked by over 36% in the last 24 hours. ENS price is now up by 102% in the last 30 days, trading at an average price of $34.13, at the press time. However, it is still down by 60% from its all-time high of $85.69, recorded on November 11, 2021. Data shows that the ENS mega pump pushed some whales to cash in profits. A long-term holder whale wallet reportedly became active after 5 months and deposited 50k ENS (approx worth $1.66 million) to Binance and booked a profit of $968k.
Arthur Hayes goes behind ENA
Ethena became another major gainer of the day after recording a surge of over 15%. ENA price is up by 85% in the last 30 days, trading at an average price of $0.714, at the press time. Amid ENA’s recorded fresh surge, Arthur Hayes again decided to go long on the project. He withdrew another 10.36 million ENA (approx worth $7.49 million) from Binance. This brings his 2-day total accumulation to 16.79 million ENA and that too at an average price of $0.666. His unrealized profit stands at around $1.14 million.
Can Ether perform a comeback?
Bitcoin saw a 3% increase in the past 24 hours, with Ether outperforming with a 7% gain, while XRP and BNB Chain rose 6%, and Dogecoin saw a 5% surge. Data shows an increase in Ethereum’s revenue, fees, and wallet creation, along with a record $27 billion in open interest for ETH futures contracts. This points to strong market expectations for ETH. QCP Capital reports that money flows are shifting towards ETH, with the ETH/BTC pair surging 13%.
The crypto market is witnessing notable shifts with Ethereum Name Service and Ethena leading growth. Support from key cryptocurrencies and increased market activity highlight potential prospects for further expansion.
