- ENA’s price rose to $1.16, a 3.18% increase in the last 24 hours.
- Whale boosts ENA stake, withdrawing 18.12M tokens.
- Technical indicators suggest strong ENA buying pressure.
In the last 24 hours, the Ethena (ENA) token has exhibited strong bullish momentum, with its price fluctuating between a daily high of $1.217 and a low of $1.059. As of press time, ENA is trading at $1.16, reflecting a 3.18% increase from the previous day.
ENA/USD 24-Hour Chart (Source: CoinStats)
ENA’s market capitalization also rose by 2.88%, reaching $1.666 billion. Despite this positive price movement, ENA’s trading volume declined significantly, dropping by 32.11% to $912.244 million. This decrease in trading volume suggests a reduction in trading activity.
However, the volume/market cap ratio, which stands at 54.16%, indicates that there remains considerable interest and investment in the ENA token, even amid the recent dip in trading volume.
Whale Increases Stakes in $ENA
The optimistic trend of ENA can be linked to an investor, often termed a “whale,” who has markedly boosted their stake in the digital asset $ENA. According to a spot-on chain tweet, within the past fo…
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