Ethena surges 4.96% as derivative traders fuel momentum, while spot traders continue selling.

Ethena (ENA) has gained significant traction ever since its launch, but its price performance gains excitement and skepticism simultaneously. Considerable concerns exist as the token has not created a new ATH in a year.

dogwifhat has created history with its mind blowing hold over the world. The financial system was revolutionized when dogwifhat started climbing the ladder.

Amid the crypto market downturn, the Ethena Token (ENA) is witnessing a significant price rally, surging 20% from yesterday's dip. The price spike, especially in the turbulent market, has caught everyone's attention.

XRP price has pulled back in the past few days, and is at risk of further downside after forming a head and shoulders pattern on the daily chart. Ripple was trading at $2.3515 on Saturday, down by over 30% from its highest level this year.

The past month's liquidation heatmap highlighted the $0.48-$0.515 as a strong magnetic zone.

The crypto market today continues to spark investor uncertainty, showcasing riveting movements. Bitcoin (BTC) price stagnates around $85K as the week comes to an end, whereas altcoins mimic a volatile trajectory.

The crypto market slid back into the red as it declined over 4%, slipping below the $3 trillion mark and moving to its current $2.87 trillion. Bitcoin (BTC) is down nearly 5% despite Donald Trump's announcement of a strategic reserve consisting of Bitcoin.

Ethena (ENA) triggered a significant event in the crypto market by unlocking 2.07 billion ENA tokens, valued at approximately $740.71 million. This massive increase in circulating supply, accounting for 39.17% of the total supply, raised important questions about market stability, price volatility, and investor sentiment.

Amid the ongoing market uncertainty, crypto whales are seen offloading Ethena (ENA) tokens. Today, March 6, 2025, a prominent crypto expert posted on X (formerly Twitter) that whales have dumped a significant $148 million worth of ENA tokens onto the exchanges in the past 48 hours.

ENA unlock injected $740.71 million into the market, influencing price action, volatility, and investor sentiment.

Ethena (ENA) has recently experienced a price uptick of 17%, following a challenging start to the year. This rise, however, comes after significant losses that started early in 2025, exacerbated by a massive token unlock event in the last 48 hours.

Ethena (ENA), the governance token of Ethena Labs, has surged by an impressive 11% within 24 hours, climbing to $0.3791 amid a broader cryptocurrency market recovery. This rebound follows a brutal 69% correction over the past 60 days, offering a glimmer of hope to investors.

Bybit has announced a new initiative to reward users who hold or use Ethena's USDtb stablecoin.

WIF remains on shaky ground below major EMAs, with a crucial support at $0.55–$0.56 set to decide the next big move.

Ethena Labs' USDe continues to make moves to position itself as a logical alternative to USDC and USDT as the stablecoin competition heats up. The latest in a series of progressive moves Ethena Labs has made regarding USDe involves Bybit, one of the largest exchanges in the industry right now.

The incoming U.S. cross-border tariffs didn't bode well on the memecoin department, flushing down 17% of its market cap.

The move comes as the stablecoin market grows increasingly more competitive and the U.S. nears creating regulatory certainty around stablecoins.

Meme coins PEPE and Dogwifhat (WIF) have made it onto Coinbase's Coin50 Index, indicating increased market significance and investor interest.

Ethena token unlock will release $728 million worth of tokens on March 5, adding 2.07 billion ENA into circulation. According to data from Tokenomist, this unlock accounts for 66.19% of its total supply.

Cryptocurrency prices suffered a big reversal during the American session leading to a $1 billion liquidation among investors. Bitcoin plunged below $85,000, while popular coins like Cardano (ADA), Official Trump (TRUMP), Dogwifhat (WIF), and Virtuals Protocol (VIRTUAL) falling by over 20%.

dogwifhat surged 21% in 24 hours as whale accumulation and rising trading volume fueled strong bullish momentum.

Over 2.07 billion Ethena (ENA) tokens worth $820 million will hit the crypto market in the first week of March.

Bitcoin Suisse, an institutional-grade crypto services provider, is expanding its digital asset offerings with access to four new tokens.

Ethena (ENA) is set for $1.3 billion in token unlocks this week, marking a significant milestone in the cryptocurrency landscape

Dogwifhat (WIF) has surged 23.23% in the past 24 hours, reaching a price of $0.7592. This follows a sharp decline since November 2024, when it touched a low of around $0.54. Today's rapid climb reflects strong buying interest, pushing the memecoin's trading volume up 240.84% to $919.43 million, outpacing its market cap by over 111%.

This week in crypto, several major events are in the pipeline, with the potential to affect traders' and investors' portfolios. Among the top stories include the White House crypto summit, massive ecosystem-specific token unlocks, and Tron blockchain moving forward with its recent commitments.

WIF's bullish move faces a barrier but remains strong.

The final week of February 2025 saw Figure secure $200 million for its asset management platform. Crypto.news collected data from Crypto Fundraising and discovered that the week's funding reached nearly $500 million across multiple sectors.

Bithumb, a prominent South Korean crypto exchange, has officially added Ethena (ENA) to its KRW market.

Ethena (ENA), a relatively young cryptocurrency, has recently garnered significant attention in the digital asset space. This surge in interest can be attributed to a series of substantial whale movements, including a massive transaction that could potentially set the stage for a price rally.

MEXC announced a $20 million allocation to Ethena's synthetic dollar USDe and a $16 million in Ethena Labs to fund user incentives to drive stablecoin adoption. On Feb.

MEXC, the leading global Cryptocurrency Exchange, announced on Wednesday that it has made a whopping 20 million dollars investment in $USDe in order to drive the stablecoin adoption. It further revealed that MEXC Ventures, the investment arm of MEXC, has also allocated $16M for USDe developer, Ethena Labs.

The crypto market displays significant fear as Bitcoin approaches new lows of $80K. Amid the uncertainty, Ethena (ENA) witnessed optimism, with a large-scale investor purchasing its latest dip. Investors scoop ENA's dip Lookonchain highlighted a new wallet that cashed out 14.51 million ENA assets (worth around $5.95 million) from Binance.

MEXC has invested $20 million in USDe, Ethena's synthetic dollar, to drive stablecoin adoption and expand DeFi innovation. The exchange also launched a $1 million rewards campaign to incentivize participation in the growing stablecoin market.

A newly created wallet has withdrawn 14.51 million ENA tokens worth $5.95 million.

USDe is a synthetic dollar stablecoin that has nearly $5.9 billion in circulation.

TL;DR Enhanced Transparency and Security: Ethena Labs integrates Chaos Labs' Edge Proof of Reserves Oracles to boost the transparency and security of USDe's reserves. Market Response: The move comes after recent USDe volatility due to Bybit's hacked ether derivatives market, aiming to restore stability and confidence.

The importance of synthetic stablecoins in the crypto market

Ethena has created history with its mind blowing hold over the world. The financial system was revolutionized when Ethena started climbing the ladder.

ENA appears to be reversing from a prolonged downtrend, with a descending wedge breakout and Elliott Wave counts signaling a potential new impulsive phase. Key resistances lie at $0.63 and $0.76.

Ethena Labs has just revealed that it integrated Chaos Labs' data authenticity technology, Edge Proof oracles, to strengthen the risk management framework for its synthetic dollar token USDe. Ethena's USDe is a synthetic stablecoin that maintains a soft peg with the U.S.

Bithumb added Ethena ENA to the KRW market, with trading volume rising over 100% despite the token's recent price decline.

Ethena's price is showcasing remarkable resilience amid the wider crypto market bloodbath, with most altcoins posting losses in the 8 – 20% range in the last 24 hours. Currently trading at $0.

Ethena Labs has integrated Chaos Labs Edge Proof oracles to strengthen the risk management framework of its synthetic stablecoin, USDe. The integration enhances transparency by independently verifying USDes total reserves, reserve coverage, and governance-approved collateral.

Bithumb, one of South Korea's leading crypto exchanges, is set to add Ethena to its Korean Won market today. According to Bithumb's official announcement, trading for Ethena (ENA) will begin at 6:00 PM KST on Tuesday, Feb. 25, 2025.

The Edge Proof of Reserves Oracles provide a real-time, transparent mechanism to verify that token issuers like Ethena hold sufficient reserves.

Ethena has secured $100 million in funding from major investors to develop its blockchain ecosystem and introduce iUSDe, a token tailored for traditional financial institutions.