ENA Token Surges 5.31% After 15 Million Transfer Boosts Volume and Market Interest

Ethena (ENAUSDT) has experienced a notable price increase of 5.31% in the last 24 hours, currently trading at $0.6669 on Binance. The recent price surge is attributed to heightened market activity following the transfer of 15 million ENA tokens to Binance, which increased trading volume and volatility. Mixed market sentiment persists, with some analysts viewing the recent dip and recovery as a potential bullish shakeout, while others remain cautious due to ongoing price volatility and resistance at the $0.70–$0.71 range. ENA's 24-hour trading volume has risen significantly, reflecting strong interest, and its market capitalization stands at approximately $4.4 billion, ranking it among the top 30 cryptocurrencies.