ENA Token Surges 2% as Whale Transfer and $10B TVL Boost Investor Confidence

Ethena (ENA) has experienced a 2.07% price increase over the past 24 hours, currently trading at $0.7311 on Binance. The price surge is primarily attributed to heightened trading activity, including a notable whale transfer of 2,884,000 ENA (over $2 million) into an exchange, and positive sentiment following Ethena’s Total Value Locked (TVL) surpassing $10 billion, driven by growth in its USDe stablecoin. Technical indicators such as the "golden cross" and bullish analyst predictions have further supported upward momentum, with ENA maintaining strong support above $0.72. The market capitalization stands at approximately $4.9 billion, with a circulating supply of 6.6 billion ENA and 24-hour trading volume for ENAUSDT at $24.56 million, reflecting sustained investor interest and active trading.