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Movement of $ENA (Ethena)
As of August 5, 2025, ENA, the native token of the Ethena protocol, is trading around 0.62 USD, after a strong increase of 13% in the last 24 hours.
The trading volume grew by 28%, reaching 1.14 billion USD, while the open interest in futures rose by 17%.
This rally occurs just after the supply of USDe, Ethena's stablecoin, reached a record of 8.73 billion USD.
This figure represents not only capital expansion but also growing adoption of the ecosystem.
Despite the bullish momentum, a token unlock of over 100 million USD is approaching on August 6, which could generate short-term volatility.
The key resistance is located between 0.64–0.68 USD, and a breakout could lead to 0.70 USD or more if the momentum persists.
As of August 5, 2025, ENA, the native token of the Ethena protocol, is trading around 0.62 USD, after a strong increase of 13% in the last 24 hours.
The trading volume grew by 28%, reaching 1.14 billion USD, while the open interest in futures rose by 17%.
This rally occurs just after the supply of USDe, Ethena's stablecoin, reached a record of 8.73 billion USD.
This figure represents not only capital expansion but also growing adoption of the ecosystem.
Despite the bullish momentum, a token unlock of over 100 million USD is approaching on August 6, which could generate short-term volatility.
The key resistance is located between 0.64–0.68 USD, and a breakout could lead to 0.70 USD or more if the momentum persists.
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