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Ethena (ENA) Eyes an Intraday Rise of Over 13%

Published 04/10/2024, 01:54 AM
Updated 04/10/2024, 02:15 AM
Ethena (ENA) Eyes an Intraday Rise of Over 13%
ETH
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  • $ENA value has doubled since its debut, surging 13.54% in 24 hours.
  • Large $ENA transfer to Binance hints at bullish momentum.
  • Technical indicators suggest $ENA may face short-term pullback.

In a financial development, the digital currency $ENA witnessed an unprecedented surge, doubling its value since its market debut. This growth story unfolded as Lookonchain, a renowned analytics platform, reported a notable transaction involving the $ENA currency.

According to Lookonchain, just six hours ago, a wallet transferred 62.5 million $ENA, valued at approximately $83.75 million, to the global cryptocurrency exchange Binance. The origins of this substantial amount of $ENA trace back to the Gnosis Safe Proxy wallet associated with the Ethena team, from where the wallet received the funds four days prior.

ENA Token Surges 13.54% in a Day, Hits $1…

The post Ethena (ENA) Eyes an Intraday Rise of Over 13% appeared first on Coin Edition.

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