$ENA is showing strong bullish momentum today, with price around $0.16–$0.18 and heavy trading volume. CoinGecko reports roughly 40% growth over the last 7 days, while 24-hour volume has surged above $2B.
CoinGecko +1
Why ENA is pumping:
🟢 Ethena Foundation bought out certain early investors, reducing some selling pressure.
🟢 Ethena is proposing to use 95% of net revenue for ENA buybacks once USDe reaches $7.5B.
🟢 The token has rallied close to 100% over the past month.
KuCoin +1
⚠️ A 40.63M ENA token unlock is scheduled for September 2, which could create short-term selling pressure. �
CoinGecko
Trader view: Momentum is currently bullish, but ENA has already moved sharply, so chasing a sudden pump carries significant risk. Watch the $0.143–$0.15 area as near-term support and the $0.18–$0.19 area as resistance.
$BTC $ETH
CoinGecko +1
Why ENA is pumping:
🟢 Ethena Foundation bought out certain early investors, reducing some selling pressure.
🟢 Ethena is proposing to use 95% of net revenue for ENA buybacks once USDe reaches $7.5B.
🟢 The token has rallied close to 100% over the past month.
KuCoin +1
⚠️ A 40.63M ENA token unlock is scheduled for September 2, which could create short-term selling pressure. �
CoinGecko
Trader view: Momentum is currently bullish, but ENA has already moved sharply, so chasing a sudden pump carries significant risk. Watch the $0.143–$0.15 area as near-term support and the $0.18–$0.19 area as resistance.
$BTC $ETH
