On July 26, 2025, Ethena's ENA token saw a remarkable 20% rise amidst a stagnant cryptocurrency market due primarily to whale accumulation and substantial inflows into its stablecoin product, USDe.
ENA Token Surge and Reasons
Ethena's ENA token surged by 20%, setting itself apart in a largely dormant cryptocurrency market environment. This significant movement is primarily attributed to substantial whale accumulation and nearly $2 billion inflow into the USDe stablecoin. These factors indicate a shift in investor sentiment.
The Role of USDe and Staking
The substantial inflows into Ethena’s USDe stablecoin, coupled with an attractive 10% APY from staking, are encouraging investors to seek out lucrative opportunities. This increase may herald a dynamic shift in the market.
Impact on DeFi Market and Expert Opinions
Observations show that the movement of 1.07 billion ENA tokens to private wallets, which typically indicates investor trust, could have positive implications for pricing structures and liquidity management within the DeFi space. DeFi expert Axel Bitblaze commented: "USDe just pulled in nearly $2B in a week. That’s insane...".
The surge of Ethena's ENA token and active investor actions in the USDe stablecoin may signal new trends in the DeFi market, indicating a growing interest in high-yield investment opportunities.
