Ethena (ENA) โ Market Update ๐ May 7, 2025
๐ Market Snapshot
Current Price: $0.2714 USD
24h Change: +1.15% ๐
24h High / Low: $0.2743 / $0.2572
Market Cap: ~$1.58B ๐ฐ
24h Volume: ~$108.35M ๐
๐ฐ Key Developments
Token Unlock Event: On May 6, 2025, 171.89 million ENA tokens were unlocked (3.1% of circulation), worth around $50M. This could impact supply and price behaviour. ๐ชโ ๏ธ
Whale Activity: Increased interest from large holders may indicate upcoming volatility or a rally. ๐๐
๐ฎ Analyst Predictions
Short-Term: ENA could rise to ~$0.3439 by May 11, 2025 (+29.85%). ๐
Long-Term: Price may reach up to $5.00 by 2030 based on current trends. ๐๐
๐ง Summary
Ethena (ENA) is gaining traction with growing investor confidence and notable token activity. Keep an eye on price resistance and institutional interest. ๐๐
