$3.71M Whale Stake Fuels Ethena Price Momentum

Ethena's price has maintained strong upside momentum since holding the $0.078 support level days ago, rallying to $0.094 before retracing slightly.

At press time, Ethena traded around $0.093, up 3.7% daily and 10% weekly, with trading volume increasing by 9.5% to $146 million, reflecting stronger market participation.

Ethena whales have shifted from accumulation towards staking for yield, with staked ENA increasing over the past three days led by high-value wallets.

A Coinbase-funded wallet withdrew and staked 40 million ENA worth $3.71 million, immediately reducing the whale's liquid holdings while generating staking yield.