Ethena Soars 3.85% on Whale Buys and Token Unlock Frenzy

Ethena (ENA) experienced a significant surge of 3.85% in the last 10 hours, driven by whale accumulation and social buzz.

The key catalysts behind this move include Arthur Hayes' buy signal, which was widely reported as a fresh purchase of 6 million ENA at an average price of $0.09 on August 3, 2026 UTC. This news sparked a narrative that attracted speculative long interest, with traders looking to ride along with the well-known figure.

ENA's appearance on DeFi top gainer lists and 'most mentioned' dashboards further amplified its momentum. The upcoming token unlock on August 5, 2026, which will release 171.88 million ENA, also contributed to the volatility. Analysts frame this event as a classic supply pressure that could drive short-term price fluctuations.