$ENA (Ethena) has rallied over 15%, buoyed by bullish whales accumulating and surging DeFi demand from its delta-neutral USDe model. Spot inflows exceeded $3M as volume topped $1.5B. Recent Upbit and Anchorage listings, plus StablecoinX’s $360M treasury plans, support forecasts targeting $0.60 to $0.70 short term.