- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
ENA Price Jumps 70% as Whales Accumulate $100M on Binance
By: cryptosheadlines|2025/05/16 00:00:15
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com ENA jumped nearly 70% since May 7, hitting $0.45 before dropping.Analyst sees bullish double bottom forming; predicts $0.90–$1 by Q3.Over $100M in ENA is being accumulated on Binance, showing demand.The Ethena (ENA) token made headlines this week, with whale activity and a sharp market recovery pushing its price higher. Since May 7, ENA has delivered an impressive rally of nearly 70%, with a 25% surge in the past week alone, outperforming many altcoins. ENA hit a monthly high of $0.45 before reversing. It is now down by more than 12% and is trading at $0.37.The token is still down 75% from its all-time high of $1.52, but a decisive break above key resistance levels could trigger a major rally. Analyst AM Crypto recently shared an update on ENA. There is a double bottom pattern forming on the daily chart — a bullish signal. Since ENA has a high correlation with Ethereum, it’s expected to outperform ETH if the market rises. Over $100 million worth of ENA is currently being accumulated on Binance, showing strong demand. Based on this, the analyst believes that a price of $0.90 to $1 by Q3 is a real possibility. The token’s Relative Strength Index (RSI) is currently above 50, pointing towards a bullish trend. Notable Whale Makes Large ENA Deposit to BinanceIn other news, a whale recently unstaked and deposited 14.83 million ENA, valued at $5.59 million, into Binance. This move followed the whale’s earlier withdrawal of 22.63 million ENA (worth $11.84 million) from Binance and Bybit. Related: Crypto Market Cap Nears $3.5 Trillion As TOTAL3 Chart Signals Altcoin Breakout AheadDespite earning 577,000 ENA from staking, the whale remains at a $3.21 million loss, still holding 3 million ENA worth around $1.12 million.Bitcoin’s Influence on Ethena (ENA) and Altcoin MarketAs always, Bitcoin’s price action remains a major influence on ENA and the wider crypto market. BTC recently faced resistance at a key level of $105,000 and is undergoing a minor pullback. Related: Watch XRP, ADA, HBAR, QNT Carefully as Bitcoin Enters Correction ModeIf Bitcoin stabilizes or begins a new upward move, altcoins are expected to follow suit, possibly triggering a market wide surge. Bitcoin is currently trading slightly above the $102k mark and is down by 2% in the last 24 hours.Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Source link
You may also like
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
A skilled person never picks the table, they eat meat with every bite.
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.
Why is OpenAI playing catch-up to Claude Code instead?
Anthropic Bets Earlier on AI Programming, OpenAI Strategic Tempo Misaligned
Vitalik wrote a proposal teaching you how to secretly use AI large models
Vitalik believes that in the AI era, users should not have to sacrifice their identity to use an AI tool.
The doubling of Circle's stock price and the paradigm shift of stablecoins
The initial investments from Circle and Stripe, whether it is the R&D expenses for Arc, the high financing costs associated with Tempo, or the billion-dollar acquisitions of Bridge-type assets, are more akin to "placement fees" rather than commercially recoverable investments in the short term.
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
1. Top News: Latest Developments in US-Iran Conflict, Son of Soleimani Vows Revenge, US Navy Plans to Escort Ships in the Strait of Hormuz
2. Token Unlock: $HTM
On-Chain Options Explosion.ActionEvent
Options are becoming the new anchor in the cryptocurrency market.
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The most AI-wary company has created the most dangerous AI
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
What Did Foreigners Care About Most in the Last 24 Hours?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
Spend $154,000 to buy AAVE at market price of only $111
AI Agent needs Crypto, not Crypto needs AI
It is not Crypto that needs AI to survive, but rather AI Agents that need Crypto to be implemented: when AI truly shifts from "thinking" to "executing," it must seek the boundaries of authority and funding within the programmable primitives of Crypto.
Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments
The use of stablecoins is shifting from facilitating low-cost cross-border remittances to supporting general commercial activities and inter-company vendor payments.
Web3 teams should stop wasting marketing budgets on the X platform
The announcements from the project party are still very important, but they should no longer be the starting point of promotional activities; instead, they should be the endpoint.
Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other
When everyone's bets are placed on the same table, the difference between "structured financing" and "concentrated gambling" may just be a few more arrows drawn on the PPT.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
Forty years ago, a technological revolution broke the isolation of information, reshaping Wall Street. Forty years later, Grvt aims to break the isolation of capital with an on-chain prime brokerage model.
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
A skilled person never picks the table, they eat meat with every bite.
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
When the Baby Boomer generation collectively sells off, who will be the "bag holder" in the next asset crash?
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
「Lobster」 may not be a mature product yet, but it has already ushered in a new era of 「AI Assistants」.
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
Stablecoins are transitioning from a speculative tool to real financial scenarios such as payments, cross-border transfers, and store of value.
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
When the same unit can both measure hashing power and facilitate payments, it ceases to be just a term and begins to evolve into a new currency of both value and influence.
App