Ethena price has dropped significantly over the last 24 hours. The effects are starting to appear, with one whale wallet reportedly depositing ENA tokens into Binance. This has sparked concerns around the token’s liquidation, which could further fuel temporary downswings in the next few days.
ENA Deposited into Binance
A whale wallet has deposited 10 million ENA into Binance. Their collective worth was around $2.05 million at the time of the transaction, with the wallet likely linked to Maven11. The transaction comes a month after the wallet deposited 3.68 million Ethena tokens into Binance. Their total value was around $1.06 million. He received 18.18 million ENA tokens from vesting last month for almost $4.48 million.
The transaction has triggered anticipation around ENA liquidation. This is because Ethena seems to be sharing the pattern with ETH. A total of 112,894 Ethereum tokens were transferred recently for almost $332 million. A few crypto enthusiasts believe that pieces are being moved before the storm hits.
Ethena Price Drop
What is believed to have ignited the ENA deposit into Binance is the price decline. The token shows a fall of 3.74% over the last 24 hours, at the time of writing this article. Thereby taking Ethena price to around $0.2056, with a decline of 6.69% in its 24-hour trading volume.
ENA last noted an ATH of $1.52 on April 11, 2024, and an ATL of $0.1858 on October 11, 2025. It is down by 86.44% from the ATH and up by 10.67% from the ATL, amid a very high volatility of 12.49%.
ENA in 2026
ENA price predictions for early 2026 are bearish. The next 1 month could see the token plunge by 25% to around $0.1564. The next 3 months could bring the token down by 23.27% from the current value, taking it to $0.1600. The FGI is at 23 points for extreme fear. ENA only saw 13 green days in the last 30 days. The 14-Day RSI, however, is neutral with 39.92 points.
Ethena tokens are now testing the upper resistance level of $0.2170 and the lower resistance level of $0.2287. It is simultaneously checking the lower and upper support levels of $0.1936 and $0.2053, respectively.
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