ENA Token Surges 5.86% as Whale Accumulation, Buybacks, and USDe Growth Drive Momentum

Ethena (ENAUSDT) has experienced a notable price increase over the past 24 hours, rising 5.86% to $0.7709 on Binance. This upward movement is primarily attributed to several key factors: the removal of the 'Seed' tag on Binance, integration with TON and Aave, significant whale accumulation and large withdrawals from exchanges, and the continued growth of Ethena’s synthetic stablecoin USDe, which has surpassed $10 billion in supply. Additional support comes from active ENA token buybacks and bullish technical indicators, including a golden cross and strong momentum signals. The current market shows robust trading activity, with over $1 billion in 24-hour volume, a circulating supply of approximately 6.6 billion ENA, and a market capitalization near $5 billion, reflecting strong trader interest and positioning Ethena among the top cryptocurrencies.