ENA Surges 6.75% Amid Whale Activity, Exchange Outflows, and Bullish Recovery Momentum

Ethena (ENA) is currently trading at $0.3908 on Binance, reflecting a 6.75% price increase over the past 24 hours, with notable trading volume and a circulating supply of 5.82 billion ENA. The recent price movement is attributed to large whale transactions, significant net outflows from major exchanges, and a recent long liquidation event, alongside continued recovery momentum following the May 5 token unlock and recent technical bullish signals. These factors, combined with a series of strong price gains earlier in May, have contributed to heightened trading activity and renewed investor interest, driving the latest upward price action.