Ethena ENA Staking Surges as Whale Locks $3.71M, Price Nears $0.098
Ethena’s ENA token is drawing fresh attention after buyers defended a critical support zone and pushed the price toward another test of resistance. The setup around Ethena ENA staking has become the main talking point this week, as a large holder moved millions of dollars worth of tokens off exchanges and straight into staking contracts instead of keeping them liquid. That single transaction, paired with a broader wave of staking growth, has added weight to a chart that already looked technically constructive.
Key takeaways
- ENA trades near $0.093 after holding the $0.078 support level, with daily gains around 3.7% and weekly returns above 10%.
- Trading volume rose 9.5% to roughly $146 million, pointing to stronger participation.
- A Coinbase-funded whale wallet staked 40 million ENA (about $3.71 million) immediately after withdrawing it.
- Staked ENA jumped to 7.58% of total supply in three days; total staked holdings now sit near 1.1 billion tokens worth about $104 million.
- Technical readings, including a Directional Movement Index near 25 and an Average Directional Index of 21, point to building bullish momentum toward the $0.098 resistance level.
Ethena ENA Token Shows Strong Market Momentum
ENA has held its ground since defending the $0.078 support level earlier this week, and that resilience is now showing up in the price action. At the time of writing, the token trades around $0.093, not far from a recent local high near $0.094 reached before a modest pullback.
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