$ENA 📉 ENA Slides 8% on Whale Sell-Off — Holders Locked In or Drop Incoming?

📅 Date: August 6, 2025

Coin: $ENA (Ethena)

Current Price: ~$0.608 (↓ ~7.75% in last 24h)

Market Cap: ~$3.86 B, 24h Volume: ~$1.18 B

🔥 Flash Update:

Whale Alert: $8.8M) transferred by a major staker to Binance—triggering market-wide sell pressure.

ENA dropped ~8% recently after an earlier $833M unlock that released tokens to the market, aiming to incentivize long-term holding.

Technical signals weak: 85% of indicators show bearish bias, with key support at ~$0.326 and resistance near ~$0.434–0.444.

🧭 Why This Matters:

ENA’s pricing drama highlights ecosystem friction between token unlocks vs holding incentives.

Forced vesting of airdrops means holders must lock up ≥50%, pushing for long-term alignment.

If accumulation resumes and sentiment improves, potential breakout to $1.41+ is possible.

📊 Scenario Table:

Setup Entry Zone Target Zone Stop Loss

Bounce Setup Above $0.60 $0.65 → $0.75 Below $0.57

Breakout Play Above $0.65 $0.90 → $1.50 Rejection under $0.64

💬 Engagement Hook:

"Whale ne ENA tokens elaan se beche, price ne 8% tak dip diya... or upcoming unlocks bhi market mein affect kar sakte hain. Aap kya sochte ho? Hold karoge ya profit book karoge ya breakout ka wait karoge?"

👇 Comment karo, tag karo apne crypto doston ko aur discussion shuru karo!

✅ Why You Should Post This:

🔍 Based on latest on-chain insights and real price action

🧠 Balanced analysis between macro sentiment and technical risk/reward

🗣️ Engagement-based question format encourages comments & shares

📈 Covers economic incentives, tokenomics, and community sentiment — all attractive to writers and readers

🏷️ Use These Hashtags for Wider Reach:

#ENA #Ethena #CryptoUpdate #Write2Earn #BinanceFeed #CryptoUrdu #Altcoins #WhaleWatch #TokenUnlock