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Arthur Hayes Makes Strategic Moves With $ENA Amid Price Recovery

Prominent crypto figure Arthur Hayes has been actively maneuvering his $ENA holdings, showcasing a bullish stance on the token. Just 45 minutes ago, Hayes unstaked 9 million $ENA and deposited 7 million $ENA (valued at $8.44 million) into Binance. Interestingly, this move comes shortly after he expressed public support for Ethena Labs earlier today. Previously, between November 26 and 28, Hayes withdrew 16.79 million $ENA from Binance at an average price of $0.666, amounting to $11.19 million. Despite the recent deposit, Hayes still retains significant holdings, with 9.96 million $ENA ($11.7 million) in his portfolio. Of this, 7.94 million $ENA remains staked, and his total estimated profit stands at $8.71 million, reflecting a 78% return. https://twitter.com/spotonchain/status/1870438384046625247?t=rIfCBjGhl1xwC5A0Rb3LYA&s=19 Adding to his activity, Hayes made another notable move just 30 minutes ago, withdrawing 3.206 million $ENA ($3.827 million) from Binance as the token’s […]

Will Izuchukwu December 24, 2024

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ENA Hits $1 Again, Large Whale Movements Spark Market Buzz

After six months, ENA has reclaimed the $1 mark, and significant whale activity has started to stir the market. A second major wallet suspected of liquidating a large number of ENA tokens has emerged since yesterday. Crypto user Wanye Kest (Twitter handle: @Wanyewest69) recently deposited 5.006 million ENA tokens, valued at $5.47 million, into Binance. This transaction occurred 14 hours ago and is widely believed to signal a potential sale. Over the past nine months, Kest has staked a total of $9.19 million with Ethena, indicating substantial involvement in the ecosystem. https://twitter.com/ai_9684xtpa/status/1867492808711712800 Yesterday, $6.94 million worth of ENA was similarly transferred into Binance, further fueling speculation of large-scale selling. These movements have coincided with increased volatility in the token's price, which appears to be tied to whale behavior. This particular address has a history of major interactions with the ENA […]

Will Izuchukwu December 16, 2024

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Galaxy Digital Moves ENA While sUSDe Gains Traction In DeFi

Galaxy Digital has made a significant move in the cryptocurrency space, withdrawing 10.9 million ENA tokens worth $10.17 million from Binance just seven hours ago. This development highlights ENA’s growing prominence as it now ranks as the 8th largest asset on the Galaxy chain. Driven by market momentum, ENA has seen a 10% price surge today, bringing its value to $0.8975. This upward trend underscores the token’s increasing appeal among investors and its expanding role within the Galaxy ecosystem. https://twitter.com/ai_9684xtpa/status/1864518935049326837 Meanwhile, sUSDe, the stablecoin by @ethena_labs, is emerging as one of the fastest-growing assets on Aave, the decentralized lending platform. Over the past two months, sUSDe’s total supply has skyrocketed from $2 million to an impressive $620 million, marking an extraordinary growth trajectory. https://twitter.com/aave/status/1863951570758439213?t=tA6ha5I_DBOnx5yqsRJMZw&s=19 Adding to its momentum, a recent proposal passed by the Aave DAO introduced a new sUSDe/USDT […]

Will Izuchukwu December 8, 2024

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Ethena Protocol’s Innovative Approach Gains Traction In DeFi Space

A recent analysis sheds light on Ethena protocol's unique capability to generate USDe, a synthetic dollar, through a delta-neutral strategy. This method involves a careful balance of cryptocurrencies and cryptocurrency derivatives to uphold the stability and integrity of USDe. One standout feature of Ethena is the opportunity for users to earn over 10% APY on staked USDe. This innovative incentive structure has contributed to the rapid growth of USDe, capturing approximately 1.4% of the broader stablecoin market. https://twitter.com/intotheblock/status/1784979886932627664?t=UWfXi4nc74kQws9M63KITQ&s=19 USDe's distinction as a "synthetic dollar" sets it apart in the stablecoin landscape, drawing attention from DeFi enthusiasts. The protocol's Total Value Locked (TVL) has surged to nearly $2.4 billion in just six months, fueled in part by the successful airdrop of $ENA tokens, which garnered significant interest and influx of capital. $ENA Price Action Leads To Multiple Losses For Holders Despite […]

Will Izuchukwu April 30, 2024

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Ethena Token Plummets Below $1 Amidst Significant Sell-Off

Ethena, the popular cryptocurrency token, continues its downward spiral as it dips below the $1 mark, shedding 20% of its value in a single day to reach a trading price of $0.947. In a concerning development, the project's multi-signature address has initiated a substantial recharge of 35.12 million $ENA tokens to various exchanges including Gate, Kucoin, and Bybit, with a total value of $35.99 million. The motive behind this move remains unclear, leaving investors speculating about the implications for the project's future. Since its launch on April 1, the Ethena project has faced several challenges, including a decline in token value and uncertainty surrounding its development roadmap. The recent sell-off exacerbates these concerns, raising questions about the project's stability and long-term viability. https://twitter.com/ai_9684xtpa/status/1780215351122522585?t=ULHrbOpxaLuWbzwBopM0pw&s=19 Ethena Whales Sells Off Holdings As Data Suggests The multi-signature address, which initially received 137 million tokens, […]

Will Izuchukwu April 16, 2024

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Ethena’s Season 2 Boosts $ENA Price, Whales Flock To Stake

Since the introduction of Season 2 by Ethena Labs, the price of $ENA has surged, doubling in value since its launch. This significant uptrend has been attributed to the increased utility and rewards offered by Ethena's latest season. https://twitter.com/spotonchain/status/1777541479315161181?t=WWhAkdhbdPFZgL4snFVBvQ&s=19 Following the announcement, three prominent whales swiftly withdrew a combined total of 8.44 million $ENA ($10.94M) from Binance for the first time, securing their tokens with Ethena through staking. This move contributed to a surge in demand, driving $ENA briefly past the $1.33 mark, setting a new record high for the token. https://twitter.com/ai_9684xtpa/status/1777321042077462565?t=UXJ2RwKSKO1oR8rx84G1Tg&s=19 $ENA Token Whales' Movement To Monitor  Ethena's pledge mechanism, offering additional rewards for locking up $ENA, has incentivized whales to take action. One such address, previously ranking at the top of the pledge leaderboard, transferred 5.72 million $ENA from Binance, depositing them all for pledge, resulting in a […]

Will Izuchukwu April 9, 2024

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Ethena’s ENA Token Gains Momentum Ahead Of Launch With Binance Alliance

Ethena's ENA token is making significant strides as it prepares for its upcoming launch, fueled by a strategic alliance with Binance and growing anticipation among stablecoin investors for its airdrop. With the launch of Ethena's forthcoming Launchpool farming set to commence on March 30, users will have a three-day opportunity to earn ENA tokens, contributing to the heightened excitement surrounding the project. Recent on-chain reports have revealed notable activity from MakerDAO founder Rune Christensen, who deposited 5.66 million USDT into Ethena, resulting in the minting of 5.655 million USDE tokens. This marks Rune's inaugural participation in the Ethena ecosystem, further underscoring its growing appeal. The official announcement of Ethena's project token, ENA, on March 29 has generated considerable buzz within the crypto community. Scheduled for launch on Binance New Coin Mining, ENA's introduction promises to offer investors a lucrative opportunity […]

Will Izuchukwu March 30, 2024

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