Crypto
ENA Prices Surge on Whale Accumulation and Ecosystem Growth
Ethena (ENA) has seen a modest price increase of 4.5% over the past 24 hours, driven by aggressive whale accumulation and ecosystem growth.
The token's recent price movement is part of a broader recovery trend, with a 16.85% gain over the past seven days and a 31.64% rise over the past month.
Large-scale investors such as Arthur Hayes have been buying ENA tokens, with Hayes purchasing around $2 million worth of ENA in recent days.
The ecosystem growth of Ethena has also contributed to the token's price increase, with strong July metrics for USDe and a live WEEX trading rewards campaign.