# ENA Related Articles

Ethena team steps in with $12 mln buy – But ENA keeps sliding

After initially climbing from $0.19, ENA faced rejection at $0.26 and declined for two consecutive days, dropping to $0.22 before a slight rebound. At the time of writing, ENA was trading at $0.23, down 7.27%, indicating strong downward pressure. In response, the Ethena team intervened by purchasing 50 million ENA tokens worth $12.18 million within 24 hours, increasing their total holdings to 789.8 million ENA. Other major holders also increased their accumulations, with a net positive balance change of 88.36 million ENA. Despite these efforts, ENA continued to decline due to aggressive retail selling. On January 8th, sell volume significantly exceeded buy volume, resulting in a negative Buy Sell Delta of -6.85 million. ENA fell below the EMA50, and its Stochastic Momentum Index indicated strengthening bearish momentum. Current conditions suggest further losses toward the $0.20 support level. A reversal would require holding above $0.23 and reclaiming the EMA50 at $0.25 to potentially target $0.30.

ambcrypto01/08 12:01

DOT and ENA jumped 20% this week – But the similarity ends here

DOT and ENA both gained over 20% this week, but their price movements and underlying drivers differ significantly. DOT’s rise was rapid early in the week, supported by relatively lower trading volume, suggesting fewer participants. In contrast, ENA’s increase was gradual and sustained, accompanied by higher trading volume ($207M vs. DOT’s $147M), indicating stronger market engagement and confidence. Additionally, ENA faces high annual token inflation (over 400%), requiring ongoing demand to maintain price, while DOT’s inflation remains stable with occasional deflationary periods. Although both tokens have their full supply in circulation, ENA’s expanding supply presents a higher long-term risk. Ultimately, ENA’s rally appears more volume-supported, whereas DOT’s gains occurred with less market participation.

ambcrypto01/07 05:01

Whale Deposits ENA into Binance, Sparks Liquidation Concerns After Ethena Price Drops

Ethena's ENA token has experienced a significant price drop of 3.74% in the last 24 hours, falling to approximately $0.2056. This decline has prompted a whale, likely linked to Maven11, to deposit 10 million ENA tokens (worth around $2.05 million) into Binance. This follows a similar deposit of 3.68 million tokens a month ago. The move has sparked concerns about potential liquidations that could drive further price declines in the short term. ENA is currently down 86.44% from its all-time high of $1.52. Price predictions for early 2026 are bearish, with forecasts suggesting a potential 25% drop to around $0.1564 in the next month. The token is currently testing key support and resistance levels amid high market fear.

TheNewsCrypto12/30 09:30

USDe outflows slash Ethena TVL by 50% after October 10 crash: What’s next?

Ethena's TVL plummeted from $14.8 billion to $7.4 billion, a 50% drop, following the October 10 market crash. This was primarily driven by massive outflows of its yield-bearing stablecoin, USDe, which saw $8 billion redeemed over two months. The outflows were partly triggered by USDe's temporary depegging on Binance during the crash. While rival stablecoins attracted inflows, Ethena's native token, ENA, fell 62% to under $0.20. Despite the bearish sentiment, on-chain data indicates dip-buying activity, including by BitMEX founder Arthur Hayes, suggesting some investors viewed the low prices as a buying opportunity.

ambcrypto12/25 02:02

Ethena's Stablecoin USDe Plunges by Half Following October Crypto Market Crash

The stablecoin USDe, issued by Ethena, experienced a significant decline, with its market capitalization plummeting by more than half from its October peak, dropping by $8.5 billion. This sharp decrease followed the major cryptocurrency market crash on October 10, which triggered record trader liquidations nearing $20 billion in nominal futures positions. Analysts from 10x Research noted that the crash eroded investor confidence in USDe's synthetic backing mechanism during periods of market stress. USDe, the fourth-largest stablecoin by market cap, is not directly backed by the US dollar but instead relies on a delta-neutral strategy involving positions like simultaneous long and short trades on assets such as Bitcoin. Despite being one of the sector's most profitable protocols with nearly $400 million in earnings since the beginning of the year, USDe's supply fell from a peak of $14.8 billion in early October to $6.3 billion by December 24. Ethena's native token, ENA, also suffered, declining 60% since October and nearly 80% year-to-date. In contrast, other major stablecoins in the top five saw growth or only minor, temporary declines during the same period.

RBK-crypto12/24 16:48

Ethena [ENA] under pressure – Will sellers force one last drop to $0.1315?

ENA remains under pressure after a major holder deposited 16.86 million tokens into Coinbase Prime, realizing an estimated $15 million loss. Despite the sell-side liquidity, price action near $0.14–$0.15 remained controlled, suggesting absorption rather than panic selling. However, the scale of losses reflects holder exhaustion. Technically, ENA trades within a descending channel, with sellers in control. RSI below 40 indicates weak momentum, and a drop toward the $0.1315 support zone is possible. A reclaim above $0.165 is needed to break the bearish structure. Despite price weakness, Spot Taker CVD remains positive, showing accumulation during declines, though demand appears defensive. Funding rates turned slightly positive, suggesting reduced liquidation risks but lacking bullish conviction. Liquidation maps show concentrated short leverage above $0.20, meaning upward moves could trigger significant liquidations. Overall, ENA remains biased downward, with a test of $0.1315 likely before any meaningful rebound. Recovery requires strong hold of support and a channel breakout.

ambcrypto12/23 14:02

Can Ethena hold $0.20 after 101M ENA flood exchanges?

ambcrypto12/21 03:02