Skip to content

Whale Purchase and Institutional Influence Propel Ethena's Price by 22% in a Single Day

Etherena's ENA token experiences a 22% increase within a day, driven by whale accumulations and StablecoinX commencing daily $5M purchases, resulting in a total value locked (TVL) surpassing $7.19 billion.

Whale Purchases Propel Ethena, as Institutional Investment Boosts ENA by 22% in Daily Uptick
Whale Purchases Propel Ethena, as Institutional Investment Boosts ENA by 22% in Daily Uptick

Whale Purchase and Institutional Influence Propel Ethena's Price by 22% in a Single Day

=============================================================

In the world of cryptocurrency, Ethena (ENA) has been making waves lately. Here's a breakdown of the latest developments surrounding this Ethereum-based stablecoin protocol.

Ethena, among the leading Ethereum-based stablecoin platforms, has seen consistent daily institutional inflows and growing interest from whales. Its Total Value Locked (TVL) has surpassed $7.19 billion, according to DeFi Llama data. This boost in trading activity reflects a stronger interest across the market.

One significant factor contributing to ENA's rise is the strategic $5 million daily buy plan by StablecoinX. This initiative aims to absorb nearly 8% of ENA's circulating supply. This move has been instrumental in the strong upward movement of ENA, positioning it as one of the top-performing tokens by daily percentage gain.

The ENA price jumped 22% in one day, supported by rising trading volume and broader market interest. The strong performance of ENA is attracting renewed interest from institutional investors and whales, including the notable purchase by former BitMEX CEO Arthur Hayes.

However, it's important to note that while there are positive signs for Ethena, there is no confirmed public information or verified reports on institutional support or a $5 million daily buy plan by StablecoinX specifically related to Ethena. If this is a recent development, it has yet to be documented in the sources available as of July 2025.

Analysts project Ethena could reach around $2.37 by 2025 and potentially $7.39 by 2030, factoring in broad market trends like the Bitcoin halving cycle that could drive altcoin momentum. However, some sources suggest a possible price decline in the near term to around $0.51–$0.42 before recovery.

The current sentiment towards Ethena is moderately bullish with a noted volatility of over 30%, and mixed price signals highlight market caution as typical for newer altcoins. New partnerships and exchange listings are contributing to the momentum for ENA, suggesting renewed confidence among investors.

In conclusion, Ethena's surge can be attributed to a combination of factors, including strategic buy plans, growing institutional interest, and positive market sentiment. While there are signs of a promising future for Ethena, it's crucial to stay informed and monitor official updates for the most current insights.

  1. The rise of Ethena, a leading Ethereum-based stablecoin platform, can be partly attributed to the technological advancement in cryptocurrency and finance, as evidenced by the $5 million daily buy plan by StablecoinX.
  2. The blockchain technology underpinning cryptocurrency has enabled the growth of Ethena's Total Value Locked (TVL), currently standing at $7.19 billion, attracting interest from investors and whales.
  3. Following ENA's strong upward movement and top-performance among tokens by daily percentage gain, investors, including former BitMEX CEO Arthur Hayes, are showing increased interest in this cryptocurrency token, signifying the potential for further investing opportunities in the future.

Read also:

    Latest

    Soaring earnings and profits for Rush Street

    Soaring Revenues and Profits at Rush Street

    Rush Street Interactive reports a significant turnaround in the second quarter, with profits reaching US$28.8 million contrasting the US$300,000 loss from the previous year. The igaming provider also witnesses a 22% surge in revenue, amounting to US$269.2 million. Notably, cash flow also sees a...