• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Ethena Surge: What Behind ENA's 13% Rise?

Ethena Surge: What Behind ENA's 13% Rise?

user avatar

by Giorgi Kostiuk

2 years ago

Today's cryptocurrency market surprised with significant upward movements in major altcoins, with Ethena (ENA) taking the spotlight by surging over 13% in the past 24 hours.

Impact of Trump’s World Liberty Financial

A key driver of this rally was the recent accumulation of ENA by Trump’s World Liberty Financial. The fund spent $500,013 USDC to purchase 509,955 ENA tokens at an average price of $0.981.

ENA's Reversal Growth

With today's rally, ENA has made a strong reversal from its key breakout level of $1.12 and is now holding steady above $1.16.

Future Growth Prospects

If the bullish momentum continues, the token might target its next major resistance at $1.52, which is also its all-time high. However, investors are advised to tread cautiously due to volatile market conditions.

The cryptocurrency market remains unpredictable, but Ethena (ENA) has potential for further growth if current trends persist. It is advised to be cautious with investments.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Reaches New High Before Major Decline

chest

Bitcoin reached an all-time high of $126,080 in October 2025 but has since seen a nearly 50% decline.

user avatarKenji Takahashi

Cryptocurrency Market Faces Bear Territory Amid Economic Uncertainties

chest

The cryptocurrency market has faced significant challenges, entering bear territory due to macroeconomic uncertainties and geopolitical tensions.

user avatarMaria Fernandez

Dedollarization Gains Momentum in Developing Countries

chest

Emerging economies, led by Russia, are increasingly focusing on dedollarization to strengthen their local currencies in the forex markets.

user avatarGustavo Mendoza

Russia and India Strengthen Bilateral Trade Deal

chest

Russia and India are accelerating their bilateral trade deal aimed at reaching a $100 billion target by 2030, focusing on local currency transactions.

user avatarRajesh Kumar

Kraken Enhances Crypto Trading with Tether Gold Listing

chest

Kraken has recently added Tether Gold to its trading menu, providing traders with enhanced options for commodity-backed assets within the crypto market.

user avatarMiguel Rodriguez

Chainlink Integrates Arbitrum Orbit to Enhance Layer 3 Messaging Security

chest

Chainlink has announced its integration with Arbitrum Orbit to enhance security in Layer 3 messaging using its Cross-Chain Interoperability Protocol.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.