$ENA July, the cryptocurrency market focused mainly on Bitcoin. Ethereum and XRP also received significant attention. However, further down the ranking of cryptocurrencies, there were equally interesting events, and Ethena undoubtedly became one of the biggest positive surprises. This altcoin achieved triple-digit growth in value over a short period of time.

For a long time, one of the factors influencing the growth of Ethen's value was large purchases of shares by whales. Unfortunately, it seems that the major holders are changing their strategy. As reported by Ali Martinez in one of her recent posts on X, whales transferred 250 million units of Ethen to exchanges over the last two weeks. The data was obtained from the well-known platform Santiment.