Ethena (ENA)

Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument - the Internet Bond .

1. ENA Basic Info

2. ENA Technical Info

2.1 ENA Kline Chart Price

2.2 ENA Technical Analysis

Based on the provided K-line data, the following are the predicted future trends:

Short-term: The price is likely to experience a period of consolidation with a potential for a slight upward movement. There might be some volatility, but overall, the immediate trend appears neutral to slightly bullish. Support level is at approximately 0.37.

Mid-term: A bearish trend is expected. The price may experience downward pressure, potentially breaking below the 0.35 level.

Long-term: The market appears to be potentially bearish. Prices may likely to continue trending downward.

3. ENA News Info

3.1 ENA News List

• 20250318
  Ethena and Securitize Collaborate to Build Converge, a New EVM Chain for Institutional-Grade Tokenized Assets 📈
  Ethena Labs and Securitize to Launch EVM-Compatible Blockchain Converge 📈
• 20250315
  Initia: Ethena’s USDe will become the core part of Initia DeFi application chain transactions, lending and other DeFi activities 📈
  Ethena and Initia reach cooperation, stablecoin USDe token will be connected to the Initia ecosystem
• 20250314
  Data: Ethenas revenue in the past 24 hours rose to $3.28 million, surpassing PancakeSwap and Jupiter 📈
  Ethenas revenue in the past 24 hours has surpassed PancakeSwap and other protocols, ranking among the top three in the crypto revenue rankings 📈
• 20250312
  MEXC Ventures Invests $36 Million in Ethena and Its USDE Stablecoin 📈
• 20250307
  Data: Ethena-associated addresses withdrew 22.64 million USDe from Bybit in the past 24 hours 📉
  After the Bybit incident, the proportion of Ethena USDe hedging positions dropped to 14%, and ETH positions shrank significantly 📉
  7 addresses that received unlocked ENA recently deposited 34.11 million ENA to Binance, equivalent to $13.32 million 📈
  Data: In the past 24 hours, 7 wallets deposited a total of 34.111 million ENA to Binance 📈
  Amber Group transferred 14.61 million ENA from Binance last night and distributed them to two addresses 📉
  Data: An ENA unlocking address deposited 9.34 million ENA into Binance 4 hours ago 📉
  2.07 billion ENA tokens were unlocked this week, and large transactions were frequent on the chain 📉
• 20250306
  A suspected early investor of Ethena deposited 10 million ENA to CEX 6 hours ago, equivalent to about 3.5 million US dollars 📈
  12 wallets deposited 125 million ENA, worth about $45 million, to Binance, Bybit, and FalconX in the past 2 days 📈
  Ethena unlocked 207 million ENA tokens worth about US$741 million yesterday, and a large amount was transferred to the exchange 📉
• 20250305
  Ethena multi-signature address transfers ENA to CEX, involving more than $14.6 million 📈
  ENA will usher in a large amount of token unlocking today, about 2.07 billion ENA will be released, accounting for 39% of the circulation 📉
  Data: Two wallets associated with Ethena Labs deposited 29.87 million ENA to Binance, equivalent to approximately $11.52 million 📈

3.2 ENA News Analysis

Ethena s USDe stablecoin and ENA token are experiencing significant market activity. Institutional interest is increasing with partnerships like the Converge EVM chain, suggesting wider adoption. Ethena’s revenue is climbing rapidly, and its USDe is integrating into DeFi platforms like Initia, amplifying its reach. However, there is substantial token unlocking and movement of ENA to exchanges by early investors and associated wallets. This suggests potential selling pressure despite positive developments. The balance between institutional adoption, DeFi integration, and ongoing token distribution will be key. The long-term success depends on its ability to manage potential volatility related to token unlocks.