After a quick market correction, Ethena (ENA) is regaining consideration from crypto whales, fueling optimism a few potential 50% rally within the coming weeks.
The recent accumulation of over 1 billion ENA tokens by high-net-worth wallets has raised bullish sentiment, whilst ENA’s worth struggles to keep up upward momentum. May this aggressive shopping for sign a major breakout for the fast-growing DeFi protocol?
ENA Whales Accumulate Over 1B Tokens
In line with on-chain knowledge from Santiment, wallets holding between 10 million and 1 billion ENA have collectively added greater than 1 billion tokens in current days. These whale addresses now maintain 6.Three billion ENA, reinforcing confidence within the venture’s long-term potential regardless of short-term worth volatility.
Whales have just lately amassed over 1 billion Ethena (ENA) tokens, signaling renewed institutional curiosity and rising confidence within the asset’s long-term potential. Supply: Ali Martinez through X
This whale exercise aligns with Ethena’s rising fundamentals, particularly the sharp rise in its whole worth locked (TVL). Information from DeFiLlama reveals that Ethena’s TVL jumped from $5.Eight billion in early 2025 to over $9.6 billion in August—a surge of greater than 76% in simply three weeks.
Market analyst Ali Martinez drew consideration to this conduct on social media, noting, “Whales simply purchased over 1 billion ENA… What do they know that we don’t?” This accumulation usually marks a market backside and has traditionally preceded sturdy rallies in comparable property.
Technical Outlook: Is a Breakout Imminent?
From a technical evaluation standpoint, Ethena’s current worth motion has fashioned a flag sample, a basic bullish continuation setup. After peaking at $0.68 in late July, ENA dipped to round $0.575 through the August 5 New York session—a correction of about 18%. Regardless of the pullback, the macro bullish construction stays intact.
The ENA/USDT chart reveals a possible rounded backside sample forming, aligning with broader bullish expectations for ETH and associated property this season. Supply: Babenski on TradingView
At present, ENA trades above the 20-day EMA and close to the 38.2% Fibonacci retracement degree, each key zones the place patrons usually re-enter. The worth is now solely 10% away from difficult the flag’s resistance round $0.64. A breakout above this degree might set off a rally towards $0.78, with an prolonged transfer towards $1 as the subsequent ENA breakout goal.
Nevertheless, bearish alerts stay within the midterm. The MACD indicator reveals the MACD line slipping beneath the sign line, together with a declining histogram. If the worth fails to carry key ENA assist ranges, particularly round $0.44, the present correction might deepen earlier than the subsequent leg greater.
Ethena’s Explosive Progress Pushed by USDe Growth
Whereas ENA’s price retraced, Ethena’s artificial stablecoin USDe expanded quickly. The provision of USDe surged by 75% in July, climbing to a market cap of $9.69 billion, making it the third-largest stablecoin by provide and surpassing SkyProtocol’s USDS. The spike was partly pushed by Ethereum’s worth rally above $3,800, which improved Ethena’s earnings mannequin and allowed for extra aggressive minting of USDe.
Ethena USDe (USDE) was buying and selling at round $1.00, down 0.01% within the final 24 hours at press time. Supply: Brave New Coin
This enlargement not solely helps liquidity on the platform but in addition reinforces belief within the Ethena DeFi protocol, particularly because the USDe ecosystem grows throughout each centralized and decentralized markets. Over 30% of USDe trades now happen on Bybit, with one other 20% on Uniswap V3.
Including to investor enchantment, sUSDe—Ethena’s staked model of the stablecoin—trades at a premium, providing common annual yields of 8.85%. The provision of sUSDe has crossed 5.22 billion, indicating sturdy demand for Ethena staking rewards and a wholesome DeFi ecosystem.
What Is Ethena Crypto and Why Are Buyers Watching?
For these questioning what’s Ethena crypto, the venture operates as an artificial greenback protocol that gives yield-generating stablecoins whereas minimizing reliance on conventional banking techniques. Its flagship product, USDe, provides enticing yields and performs a central position within the platform’s quickly increasing DeFi ecosystem.
Ethena (ENA) was buying and selling at round $0.59, up 1.93% within the final 24 hours at press time. Supply: Brave New Coin
The Ethena protocol has efficiently navigated 2025’s market cycles, gaining investor confidence because of its strong tokenomics, scalable infrastructure, and adaptive provide mechanisms. Even throughout bearish market phases, the protocol has proven resilience, attracting long-term capital inflows.
ENA Worth Forecast: Can ENA Hit $1 Quickly?
Wanting forward, the ENA price prediction 2025 stays largely optimistic. If bullish momentum continues and ENA breaks out of its flag sample, a transfer towards the $1 mark seems sensible—representing a possible 50% worth surge from present ranges. The increasing TVL, rising USDe demand, and whale accumulation all assist this bullish case.
A bullish flag on ENA/USDT alerts a possible breakout as BTC dominance rejects key resistance and tendencies decrease. Supply: Elimzo on TradingView
Nevertheless, merchants ought to monitor key ranges on the Ethena worth chart and stay cautious of broader market sentiment. Whereas the long-term outlook is constructive, short-term volatility might persist, particularly if the present correction fails to resolve with a decisive breakout.
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