ENA Token Surges 10.89% as Institutional Inflows and USDe Expansion Drive Bullish Momentum

Ethena (ENA) experienced a notable price increase in the last 24 hours, rising 10.89% to $0.8265 on Binance, primarily driven by substantial institutional inflows, with over 40 million ENA transferred to exchanges and whale wallets increasing holdings by more than 30%. The surge is further supported by the rapid expansion of Ethena’s USDe stablecoin supply, which exceeded $10 billion due to major DeFi integrations and ongoing ENA purchases, as well as technical indicators such as a golden cross and double bottom pattern signaling bullish momentum.

Currently, ENA is trading at $0.8265 with a 24-hour volume of $307.18 million on Binance, and a market capitalization between $4.2 billion and $5.62 billion, reflecting strong investor interest and significant trading activity.