ENA Price Jumps 10% Amid Ethena's Network Activity Surge

The price of ENA has jumped 10% intraday as Ethena's network activity and whale transactions show stronger participation.

According to data, the network's active-address metrics are climbing across various periods, indicating broader activity rather than a short-lived spike.

Whale transaction counts above $100,000 and $1 million have also increased, suggesting larger transactions are becoming more frequent.

This rise in activity, combined with Ethena Pay's expansion into the internet money neobank space, provides a stronger fundamental backdrop for the ENA price.

The golden cross that has formed on the daily chart between the 50-day and 200-day EMA bands is another technical indicator supporting the bullish momentum.