$ENA
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🚀 Ethena ($ENA) Market Update – July 2025
Ethena’s native governance token $ENA has surged dramatically over recent days, reflecting strong investor confidence and accelerating ecosystem traction.
Key highlights:
A major 21–22% price jump in the past 24 hours, with current trading around $0.58, driven by institutional inflows and whale accumulation.
Total Value Locked (TVL) in the Ethena protocol has climbed to approximately $7.7–$8.4 billion, marking an ~40–50% monthly increase, bolstered by demand for the new stablecoin, USDe.
Arthur Hayes, the BitMEX co‑founder, recently purchased 2.16 million ENA tokens (≈ $1.06M), bringing his total ENA holdings to $3.7M)—this triggered an 8–16% rally.
Ethena’s $1.5 billion USDtb stablecoin is being issued under the GENIUS Act in partnership with Anchorage Digital, boosting regulatory compliance and long-term outlook.
Technical outlook: ENA recently broke above the $0.54 resistance, which is now holding as support. Analysts see potential for a rise toward $0.85–$1.00 in coming weeks amid strong momentum, though high RSI levels suggest short-term overbought conditions.
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✅ Summary
$ENA is currently enjoying robust DeFi growth, strong whale engagement, and promising institutional partnerships. While short-term volatility may persist, the token’s upward momentum and regulatory alignment position it among the most watched altcoin stories of the season.
