ethena

$ENA | Ethena Synthetic Dollar – Daily Pulse
📅 Saturday, August 29, 2026

⚡ PRICE SNAPSHOT (Futures ENAUSDT)
• Price: $0.1553
• 24h Change: -5.69% 🔴
• 24h High / Low: $0.1744 / $0.1533
• 24h Volume (Futures): ~$444M

📖 TODAY'S NARRATIVE
ENA is under pressure today, shedding nearly 6% as broader altcoins face a risk-off wave. The synthetic dollar protocol (USDe) continues to generate real yield via delta-neutral staking, but token price is sensitive to funding rate compression and ETH volatility. Market participants are watching whether the $0.1533 intraday low holds as a near-term floor — a break below would open the path toward deeper support. Any recovery in DeFi sentiment or positive protocol metrics (TVL, sUSDe APY) could trigger a quick short-squeeze given elevated futures open interest.

📊 KEY LEVELS
Support:
🟢 S1: $0.1533 – today's intraday low / local demand zone
🟢 S2: $0.1420 – prior consolidation base (July structure)

Resistance:
🔴 R1: $0.1744 – today's 24h high / short-term ceiling
🔴 R2: $0.1900 – key structural resistance from August swing high

⚠️ MAIN RISK
Funding rate compression: USDe yield depends on positive perp funding. If crypto markets stay in a sustained downtrend, funding rates could go negative, pressuring Ethena's delta-neutral strategy and potentially triggering USDe depeg concerns — a scenario that historically hits ENA hard.

🗳️ POLL — Where does $ENA go in the next 7 days?
A) 📈 Bounces above $0.1744 — bulls step in at support
B) 📉 Breaks below $0.1420 — bear trend continues
C) 🔄 Chops between $0.1500–$0.1744 — range-bound consolidation

Drop your vote below! 👇 #ENA #Ethena #DeFi

🧊 ENA down 6.92% to $0.1548 — but the RSI tells a story most people are missing.

4H RSI: 49.3. Dead neutral. Not oversold, not overbought. The price is consolidating, not crashing. MACD is actually positive (+0.0029) on the 4H. This isn't a bear attack — it's a cooling off period.

Daily picture is solid: RSI 67.3 (bullish), price well above SMA25 ($0.1130) and SMA99 ($0.0922). The macro uptrend is intact.

📊 Under the radar numbers:
Volume ratio: 0.39 (extremely thin selling — nobody is dumping)
L/S ratio: 1.65 (traders confident and net long)
Daily MACD: +0.0197 with expanding histogram

🎯 The Setup (Range Long):
Entry: $0.149 - $0.160
Stop Loss: $0.140
TP1: $0.161 | TP2: $0.167 | TP3: $0.173

With $57.7M in 24H volume, ENA has real liquidity — this isn't a thin market where you get trapped. The consolidation should resolve upward given the daily momentum.

If $0.149 support holds, we're golden. If it breaks, watch $0.140 as the last defense.

🤷 Quick poll: Are you accumulating ENA here or waiting for a deeper correction? Drop your strategy

#ENA #Ethena #DYOR

⚠️ Not financial advice. Always do your own research. Crypto is risky.

🚨 Ethena isn’t just riding a buyback hype—it’s a liquidity grab engineered to flush weak hands before the VC unlock.
Retail sees a breakout and chases; smart money is setting a trap, using the fake breakdown to hunt stops below the recent support zone.
Expect a snap‑back 10‑15% into the liquidity zone above prior resistance, then a retest of the 5‑10% support as the trap resolves.
Are you positioned for the reversal or still chasing the fakeout?
#Ethena $ENA

$ENA stablecoin protocol Ethena has introduced a fee switch. The market has priced in a buyback expectation based on a nearly 30-day rally of about 96.6%, but the buyback has not yet started.

If the vote passes, USDe will need a 14-day average supply of $7.5 billion to enter the first tier. Currently it is about $4.07 billion. Over the last 90 days, supply has fallen by 9.6%, and protocol revenue is down by roughly 88.5% versus the previous 90 days.

The official 705-day backtest, converted to a full-cycle basis, implies an annualized buyback of about $8.82 million—only about 0.56% of the current market value. The path becomes verifiable, but the methodology for and revenue still do not meet the activation conditions, so it is set to observe rather than activate with fixed accumulation.

Going forward, we’ll only check whether supply can keep sustaining above the first tier, and whether a transparent dashboard shows an auditable buyback. If in the next 90 days supply falls below $3.5 billion and revenue continues to shrink, the current assessment that value capture is improving will no longer hold.

#ENA #Ethena #Tokenomics

$ENA is showing steady recovery on the 1h timeframe after bouncing off the local support zone around 0.1573. Price action is currently consolidating around 0.1652 with buyers pushing back toward local resistance levels, signaling potential for upside movement if momentum holds.

Target 1: 0.1700 Target 2: 0.1745 Target 3: 0.1850

#ENA #Ethena #Crypto
$BTR
$DEXE

Which Ethena seed investors sold $ENA tokens after 2025/10/11?

With nothing to do during the holidays, I used Arkham + DeBank to organize the list of Ethena Foundation’s seed investors announced recently (Group i)

*Note: Group i = Investors who sold even a single token following the market cycle peak on 10 October 2025.

Based on the behavior of these addresses and their current holdings, we can also roughly gauge how large the potential future sell-off could be?

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Related explanation:

In the original list, there is a column that lists about 10 addresses at once (representing addresses 0x9269...). These addresses share similar transaction patterns and have balances that are also close. The earliest outgoing transfer goes to an address with a high degree of interaction with Arthur Hayes, while the most recent incoming transfer is to an OTC trading platform called Flowdesk.

In addition, two more should be viewed separately:
➤ 0xab2e...: subsequent outgoing transfers continue to enter addresses suspected to be linked to GSR
➤ 0x3202...: trace back to the source of the tokens, pointing to an address suspected to be linked to Galaxy Digital

The only address that Ethena specifically mentioned as having “sold $ENA after 2025/10/11, but declined the OTC acquisition offer for this round” is the Wintermute wallet (0x6e0a...), which Arkham tags as a well-known market maker—and currently this address holds a staked version of sENA.

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● The above is not investment advice (NFA). Please act according to your own risk tolerance. DYOR and participate in the investment market cautiously

#ethena #ENA将解锁走势如何 #sena #Airdrops

ENA down 14.4% in a single session while the trend underneath is still screaming 'strong uptrend.' That's not a trend change — that's a shakeout. Here's why.

📊 The Setup:
The daily trend remains strong: SMA7 ($0.1568) > SMA25 ($0.1132) > SMA99 ($0.0922). Price is still well above the 25-day average even after the dump.

The 4H RSI reset from overbought to 54.4 — healthy cooldown territory. Volume at $104.5M is 1.12x normal, elevated but not panic-level.

The long/short ratio sits at 1.66 — longs still dominant, which means the market hasn't flipped bearish yet.

🎯 The Plan:
✅ Entry: $0.1542 – $0.1666 (scale into the dip)
❌ Stop Loss: $0.1442 (below 4H support, invalidates the bounce)
🎯 TP1: $0.1668 (reclaim the SMA7)
🎯 TP2: $0.1732
🎯 TP3: $0.1796
📐 Risk/Reward: 0.4x — tight, so keep position size modest

The 4H MACD is positive and the histogram is expanding. Momentum is turning back up.

🤔 Is this the dip of the week or the start of a deeper correction?

#ENA #Ethena #DYOR

⚠️ Disclaimer: This is not financial advice. Always DYOR and manage risk carefully.

🚨 ENA suddenly surged 45%! But the real buyback may still need to wait a bit?

Group: 点击进入玖玖的粉丝群

ENA has suddenly become the market focus these past two days. After the news was released, the price quickly strengthened, and the weekly gain once approached 45%. The reason is simple: the Ethena Foundation is preparing to launch an important mechanism—using protocol revenue in the future to buy back ENA on the open market.

But many people may have overlooked a key question:
This buyback hasn’t officially started yet. 👀
According to the latest governance proposal, only once the circulating supply of Ethena’s stablecoin USDe reaches $7.5 billion will a portion of protocol revenue begin to be used for ENA buybacks.
Currently, the USDe supply is only around $4 billion.
That means there’s still substantial room for growth before the $7.5 billion trigger threshold is met.

Once it reaches $7.5 billion, Ethena plans to allocate 5% of its core business net income to the related mechanism, with most of the funds used for open-market ENA buybacks.
As the USDe supply continues to expand, the buyback ratio will also gradually increase.
If, in the future, the USDe supply reaches $25 billion, the related ratio could increase to as high as 25%.

So what the market is truly trading right now isn’t actually “ENA has already started buying back,” but rather a bigger expectation: if Ethena continues expanding in the future, ENA may receive long-term buyback support funded by protocol revenue.

In addition, the Ethena Foundation has recently taken another action—repurchasing some of the locked ENA that early investors had previously sold. Meanwhile, a portion of investor tokens that were originally set to be unlocked monthly will also be adjusted to be unlocked all at once. This means that ENA will face not only “buyback expectations,” but also ongoing potential market pressure from token unlocks.

So the core logic behind this ENA rally is actually very clear:
📈 In the short term, the market is pricing in buyback expectations and adjustments to tokenomics.
📊 In the medium term, the key will be whether USDe supply can grow quickly again.
🔥 In the long term, what’s truly worth watching is when the $7.5 billion threshold gets crossed.

Click the avatar to watch the livestream + join the Jiuji chat group for daily strategies 🚀
#ENA #ethena #USDe

#ethena $ENA
demonstrates signs of a strong fundamental reversal, and its price by the end of August 2026 was recorded in the range of $0.083 – $0.17 depending on the exchange amid a large-scale ecosystem update. The token growth forecast turned positive thanks to two global triggers: a cardinal reform of tokenomics (including a #ENA buyback) and the protocol’s entry into the traditional stocks market. Tokenomics Reform and Buyback: The project fund announced the cancellation of monthly token unlocks for venture investors. Part of the protocol’s revenue is now directed to a #ENAUSDT🚨 buyback from the market, which will significantly reduce selling pressure. On these news, the token price has already doubled over the week. Expansion into the stock market (Traditional Stocks): Ethena is expanding its basis trading strategy to perpetual equity futures, whose volume on exchanges such as Hyperliquid is rapidly growing. This will enable generating returns of $USDE
14–17%, which will not depend on cryptocurrency market cycles. Institutional Funding: The launch of a $1 billion credit line from FalconX provides additional stability and capital to back the stablecoin #USDe #EthenaENA

🚨 Ethena, which issued $40 billion in stablecoins, is actually planning to “branch out” and trade stocks? A new play by a DeFi giant is rewriting the underlying logic of stablecoins!

Group: 点击进入玖玖的粉丝群

Stablecoin issuer Ethena has announced that its business scope will expand from crypto derivatives to the stock perpetual contracts market. The company expects that within 12 to 24 months, RWA (real-world assets) perpetual contracts will surpass crypto derivatives and become the main source of its reserve assets.

🔸 Breakdown: The USDe issued by Ethena totals $4 billion, making it one of the largest interest-earning stablecoins right now. Its revenue model—earning yield via “crypto perps + funding rates”—is being replicated in the stock market.
🔸 Why stocks: The U.S. stock perpetual contracts market is far larger than the crypto market, with deep liquidity and many participants. Replacing the underlying asset of an “interest-earning stablecoin” from crypto futures to stock perps effectively adds a “traditional finance” safety layer to USDe.

Deeper logic: The endgame battle for stablecoins comes down to reserve-asset yield and safety. Whoever can earn the highest returns with the most stable assets can retain the most users. Ethena’s move is essentially connecting DeFi’s yield engine to the power source of traditional finance.

A bucket of cold water: Stock perpetual contracts also carry liquidation and volatility risks. Branching out doesn’t automatically mean lower risk. And regulators’ stance on “stablecoins linked to stock derivatives” remains unclear—innovation and risk often arrive together.

❓ Do you think stablecoins “branching out” into traditional financial assets is a good idea? Will interest-earning stablecoins like USDe become the mainstream of the future? Let us know in the comments.

Click the avatar to watch the livestream, and join the Jiujiu chat group to get daily strategies 🚀

#Ethena #稳定币 #USDe #RWA #DeFi

Ethena Foundation announces four ecosystem updates

#EthenaFoundation announced four ecosystem updates, including repurchasing locked $ENA from select early investors, better aligning token and equity value, proposing revenue-funded $ENA buybacks, and ending future monthly VC unlocks. The foundation has already acquired all locked $ENA held by several major seed investors who sold tokens over the past nine months.

#Ethena Foundation and #EthenaLabs agreed to direct protocol IP and value to the foundation under $ENA governance, ending residual cash flow to Labs equity investors. A revenue-based $ENA buyback proposal has also been approved, while future VC unlocks will be eliminated and team tokens will retain their original vesting schedule.

👉 theblock.co/news/ecosystems/2026-08-27-ethena-foundation-proposes-fee-switch-ena-token-buybacks-other-updates-412951

Sold 8%, the lock didn't run.
$ENA Binance 0.155, −8.1%; spot about 58.78 million.
Contract lock about 4.48→4.52 billion ( +0.8%).
Bids are being dumped, the pool is still there.
#Ethena # stablecoin pool

🎯 Stablecoin yield farming bandwagon is on fire, Ethena directly makes the trending headlines

📰 The overall market shrank by 5.6% and BTC fell back to 77K, but Ethena and Zcash squeezed into the top five trending topics. Yield-farming and privacy coins that have been dormant for a year are both being snapped up

💬 Let me share something a bit crafty: when the market drops, the money doesn’t really run wild—it’s all hunting for assets that can truly generate interest. Prices may not be rising, but you can still earn yields. Is this round of “smart money” out there prospecting for gold?

🏷️ #Ethena #稳定币 #DeFi #生息 #Zcash

Guys $ENA is still showing strong momentum. On the chart, Current market data also confirms elevated volatility and heavy volume.

Trade plan LONG‼️
Long entry: $0.160–$0.164
Safer entry: $0.157–$0.160 after a confirmed bounce
Stop loss: $0.153
TP1: $0.170
TP2: $0.180+

Why long?
The 1H chart is still holding the higher-low structure after the breakout. The $0.158–$0.160 zone is the key battlefield. If buyers defend it, $ENA can attempt another move toward $0.17 and then the $0.1899 high.

CLICK here to trade 👇🏻
There is also a current fundamental catalyst: reports today say #ethena is moving toward reducing the investor-unlock overhang, while the next scheduled unlock is being watched closely.

$ENA is getting serious attention right now. Trading activity has increased sharply, with Binance showing around $2B in 24H volume, while CoinGecko also reports a major rise in daily volume. �
Binance +1
The combination of strong volume + bullish momentum makes ENA one of the coins I’m keeping on my watchlist. 📈
🟢 My Bias: Bullish
🔥 Key: Watch volume confirmation
🎯 Focus: A sustained move above resistance could attract even more trading activity.
⚠️ High volume also means high volatility, so I would avoid chasing a sudden pump and wait for confirmation.
$ENA is one to watch. 👀
$ENA #ENA #ethena #crypto #BinanceSquare #trading

🚨 Ethena ($ENA ) just dropped a pretty interesting update — and honestly, there’s more to this than a simple token buyback.

I had to read this one twice because the structure of the move is what caught my attention.

Ethena says it has bought back locked $ENA from certain early investors who sold their ENA over the past 9 months.

But the bigger part, in my view, is what happens next.

The protocol’s value and IP will now sit exclusively with the Foundation, with governance staying in the hands of $ENA holders. More importantly, Ethena Labs’ equity investors won’t have residual cash flow rights from the protocol.

And then there’s the fee switch 👀

A proposal is now live that could direct net revenue generated across Ethena’s businesses into programmatic ENA buybacks.

That changes the conversation quite a bit.

Instead of only asking, “How much revenue is Ethena making?”

The more interesting question becomes:

How much of that revenue can actually make its way back to ENA?

There’s another piece I don’t want to overlook either.

The future monthly VC unlock overhang is being removed, while team tokens remain locked under their existing vesting schedules.

So this isn’t just one announcement. It looks more like Ethena is trying to reshape the relationship between protocol revenue, token holders, investors, and future token supply.

I’m especially curious to see how the fee switch proposal plays out.

Because if protocol revenue starts translating into consistent programmatic buybacks, $ENA ’s value-accrual story could look very different from what the market has been pricing in.

Definitely one of those updates I’d keep an eye on rather than just scrolling past. 👀

#ENA #ethena

$ENA is flashing a potential double-bottom reversal setup.

Price continues to defend the critical $0.10–$0.12 support zone, with buyers showing strength near the lows. The key level to watch is $0.20 — a decisive breakout and reclaim could confirm the reversal and open the door for stronger bullish momentum.

If bulls successfully push above resistance, $0.25 becomes a potential upside target.

Sentiment: Bullish reversal setup.

$ENA
#ENA #Ethena #Crypto #Trading

Ethena just went for an insane twist, expanding USDe into equity derivatives! This isn’t just a minor change—it’s a major strategy to find more sustainable, stronger yield for $USDe.

Instead of relying only on crypto basis trades, Ethena is seeing a new “gold mine” in equity perpetual futures. This market is heating up with open interest of over $6 billion, and especially funding rates reaching 14–17.5%. Those numbers are far higher than many current crypto markets, creating a massive potential revenue stream.

This is a huge strategic move. Ethena is targeting the size of the U.S. stock market, far beyond crypto’s limits. Their ambition isn’t small: they believe equity perps could become the primary reserve source for $USDe within the next 1–2 years.

This move also shows Ethena’s effort to diversify its income sources for $USDe as traditional crypto yields weaken. Ethena is truly reinventing itself, looking for more yield engines from sources outside crypto.

Could this be the new future for stablecoin yield—and spark a fresh wave of capital flows into DeFi?

#Ethena #USDe
$ENA $USDe

Ethena has been talking about fee conversion governance voting for a year, and it’s finally here—does the recent trend of $ENA look reasonable?

Yesterday (8/27), Ethena announced changes to the token release schedule for the currently unreleased tokens, and also released information about its token buyback.

Well, no wonder Hayes stopped the long-term, steady selling that had been happening this month and suddenly switched to adding positions and publicly calling bullish. Under yesterday’s official X post, there were tons of comments pointing out ENA’s abnormal rally in the near term—claiming that insiders are cutting in line and snatching up the community’s attention.

Honestly, every time this coin suddenly spikes—whether it’s earlier than the broader market’s move or clearly above the average market gain—an official “good news” announcement will inevitably follow shortly afterward. Do they really not care about users at all?

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Key points from yesterday’s announcement:

➤ Changes to the token unlock schedule

The Ethena Foundation will acquire investors’ shares of tokens that are still locked but are willing to sell, via over-the-counter transactions. However, some investors who have long held onto their unlocked tokens without selling did not accept the acquisition offer.

Going forward, the unlocks will be concentrated into a single release on 10/5. Only 12% of the team-related allocation will continue to wait for unlock according to the original schedule.

➤ Fee conversion governance voting is live

After approval, the buyback ratio will be based on the USDe supply target, with the first target being 7.5B USDe.

The funding source for the buyback is 95% of net revenue from all business lines; only 5% is retained for protocol growth.

➤ Ethena Labs’ intellectual property and earnings will be transferred to the Ethena Foundation

This mainly transfers rights to a specific legal entity and does not affect ordinary users. Detailed information will be announced in October.

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Summary

Actually, not long ago, some creators started posting ads on X. At that time, you could already guess Ethena had new moves coming. Sure enough, it suddenly pumped—very clearly different from the overall market trend.

I still won’t recommend proactively adding to ENA. Plainly put, even if there are profits, you’re basically eating the tail-end scraps left over by insiders. The risk and reward don’t match.

If you already have USDe, just use it as usual. Treat the ENA airdrop as free money—but from what it looks like now, the only thing you can really “play” is Meridian’s mPerps incentives.

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● The above does not constitute investment advice (NFA). Users should make decisions according to their own risk tolerance. Please DYOR and participate cautiously in the investment market.

● The attached image is sourced from Ethena

#Ethena #ENA将解锁走势如何 #USDe $ENA #Meridian

🔥 $ENA /USDT Bullish Surge! 📈⚡
​Ethena (ENA) is showing massive gains today, up by +8.76% and currently trading around $0.1665! Massive monthly surge with a +98.10% rise over the last 30 days. Buyers are leading order book volume with 60.50% Bids. 🚀
​Current Price: $0.1665 (+8.76%)
​24h Range: $0.1441 - $0.1899
​30-Day Growth: +98.10%
​Order Book Control: 60.50% Bids vs 39.50% Asks
​Will ENA push past $0.1899 high again today and aim for $0.20? Share your predictions in the comments! 💬👇
​👉 Like, Comment, and Follow for daily technical analysis and high-converting market updates! 🔥✨
​#ENA #Ethena #DeFi #CryptoUpdate #BinanceSquare #cryptotrading