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news-imageFebruary 12, 2025

Ethena Takes a Hit as Whale Moves 18 Million ENA Tokens to Binance

ENA, the native token of Ethena—an Ethereum-based synthetic dollar protocol—has been the market's top loser over the past 24 hours. The altcoin trades at $0.42, plunging over 10% during that period.
Publisher: BeInCrypto
Sentiment: Negative
ENA

More News Articles

Negative
cover-imageThe Currency Analytics
February 13, 2025

Ethena (ENA) Drops 10% as Whale Moves Tokens to Binance

Ethena's native token, ENA, is facing significant downward pressure after one of the token's major holders transferred 18 million ENA tokens, worth around $8.78 million, to Binance. This substantial transaction, which occurred on February 11, has caused a notable price drop for the token, with ENA experiencing a more than 10% decline in value over the past 24 hours.

Negative
cover-imageInvezz
February 12, 2025

Ethena price drops 12% as 8M ENA unlock coincides with hotter US CPI data

Digital tokens suffered sudden dips as Bitcoin plunged beneath $95K after the US CPI data. While top altcoins XRP (-3.05%), Solana (-3.30%), and AVAX (-5%) reflected the dwindled sentiments, Ethena led the downside with an over 12% dip. Besides the worrying inflation figures, today's Ethena unlock intensified ENA's price plunge on the daily chart.

Negative
cover-imageThe Currency Analytics
January 18, 2025

ENA Faces Risk of Falling Below $0.7 Amid Whale Sell-Offs

Ethena's (ENA) price has recently experienced increased volatility, with large holders, or whales, driving significant sell-offs. Despite a brief surge in price over the past 24 hours, the asset's overall bearish sentiment continues to dominate, putting ENA at risk of further declines, potentially even below $0.7.

Negative
cover-imageThe Currency Analytics
January 17, 2025

Ethena (ENA) Price Faces Decline Amid Whale Sell-offs

Ethena (ENA) has been facing significant challenges in recent weeks, primarily due to large-scale sell-offs by whale investors. The token, which had experienced some fluctuations, recently saw a sharp drop in value, triggering concerns about its future price trajectory.

Negative
cover-imageThe Currency Analytics
January 14, 2025

Ethena (ENA) Grapples with Market Volatility as Whale Activity Shakes Investor Confidence

Ethena (ENA), a promising contender in the cryptocurrency space, is under scrutiny following a significant $6.46 million deposit of 7.85 million tokens by Arthur Hayes, co-founder of BitMEX, into Binance and Bybit. This high-profile move has fueled market speculation about potential sell-offs or strategic repositioning, driving a 9.84% price drop.

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