🐙 $ENA (Ethena)
ENA is trading around $0.58–$0.60 after slipping ~3–6% in the past 24 hours amid token unlock fears and whale movement . A big whale sale (Arthur Hayes offloading ~7.76M ENA, worth ~$4.6M) added selling pressure, while $102M in tokens unlocks hit the market starting August 6 .
Still, USDe supply is at an all‑time high, and some analysts see bullish reversal signs if ENA breaks above resistance at ~$0.63 support at $0.58–$0.55 .
Will ENA hold support or drop further? Keep watch on volume and upcoming token unlocks.
