ENA Token Surges 10% as Institutional Accumulation and Technical Upgrades Drive Market Rally

Ethena (ENAUSDT) has experienced a notable price increase of 10.37% over the past 24 hours, with the current price at $0.8220 according to Binance. This bullish momentum is primarily attributed to increased accumulation by institutional holders and whale wallets, as well as positive market sentiment driven by recent technical upgrades, strategic partnerships, and the expansion of Ethena’s synthetic dollar (USDe) ecosystem. The formation of a "golden cross" and strong buying pressure indicated by technical indicators have further supported the rally. ENA ranks #26 by market capitalization, with a 24-hour trading volume of approximately $1.62 billion and a circulating supply of about 6.62 billion coins. The price has fluctuated between $0.7172 and $0.8555 in the last 24 hours, reflecting heightened trading activity and investor interest.