{"id":39741,"date":"2025-07-31T12:01:52","date_gmt":"2025-07-31T12:01:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39741"},"modified":"2025-07-31T12:01:52","modified_gmt":"2025-07-31T12:01:52","slug":"3-reasons-why-the-ethena-ena-price-has-soared-by-160-in-the-past-month","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39741","title":{"rendered":"3 Reasons Why the Ethena (ENA) Price Has Soared by 160% in the Past Month"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Ethena\u2019s native token has skyrocketed by triple digits in the last 30 days, fueled by major exchange listings and other reasons.<\/span><\/li>\n<li>Some analysts believe the price could continue pumping in the short term, but the upcoming token unlocks suggest a bearish scenario may also be in play.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA_CB.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-406704\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA_CB.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA_CB-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA_CB-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA_CB-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA_CB-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>ENA Takes Center Stage<\/h2>\n<p><span data-preserver-spaces=\"true\">There are numerous cryptocurrencies well in the green on a monthly scale, but very few can match the price rally of Ethena (ENA) during that period. The token has exploded by almost 160% and is currently worth approximately $0.67 (per CoinGecko\u2019s data).<\/span><\/p>\n<figure id=\"attachment_406702\" aria-describedby=\"caption-attachment-406702\" style=\"width: 525px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA-Price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-406702\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA-Price.png\" alt=\"ENA Price\" width=\"525\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA-Price.png 843w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA-Price-300x228.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA-Price-768x585.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/ENA-Price-50x38.png 50w\" sizes=\"auto, (max-width: 525px) 100vw, 525px\"><\/a><figcaption id=\"caption-attachment-406702\" class=\"wp-caption-text\">ENA Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">One possible factor contributing to the bull run is the support from Upbit. Earlier this month, the leading South Korean crypto exchange <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/upbit.com\/service_center\/notice?id=5314\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">introduced<\/span><\/a><span data-preserver-spaces=\"true\"> the ENA\/KRW, ENA\/BTC, and ENA\/USDT trading pairs. Thus, it increased the asset\u2019s liquidity, improved its accessibility, and provided it with a reputational boost.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It followed the example of Binance, Kraken, KuCoin, and Bybit, which previously embraced ENA. For its part, Coinbase <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CoinbaseAssets\/status\/1929650402972103087\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">added<\/span><\/a><span data-preserver-spaces=\"true\"> the token to its roadmap and might officially list it once it meets <\/span><span data-preserver-spaces=\"true\">certain<\/span><span data-preserver-spaces=\"true\"> criteria.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another element could be the rapid growth of USDe \u2013 the synthetic stablecoin of the Ethena protocol. The product is pegged to the American dollar, but differs from USDT, USDC, and other market leaders because it <\/span><span data-preserver-spaces=\"true\">is not backed<\/span><span data-preserver-spaces=\"true\"> by fiat or other assets. Instead, it relies on a strategy called delta-neutral hedging to maintain its peg.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Over the past month, the market capitalization of USDe has increased substantially, from $5.3 billion at the start of July to its current value of $8.4 billion.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last but not least, ENA\u2019s price rally could be linked to the recent activity of whales. <\/span><span data-preserver-spaces=\"true\">On July 30, the popular X user Ali Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1950619402279260233\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">revealed<\/span><\/a><span data-preserver-spaces=\"true\"> that large investors purchased <\/span><span data-preserver-spaces=\"true\">almost<\/span><span data-preserver-spaces=\"true\"> 80 million tokens in just<\/span><span data-preserver-spaces=\"true\"> a <\/span><span data-preserver-spaces=\"true\">week.<\/span><span data-preserver-spaces=\"true\"> The USD equivalent of the stash is around $53 million (at ongoing rates).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The development reflects strong confidence in the asset and may incentivize smaller players to join the ecosystem as well. Moreover, such accumulation leaves fewer tokens available on the open market, which, combined with non-declining demand, should result in a price pump.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What\u2019s Next?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Multiple analysts believe ENA may continue to rise in the following months. X user McKenna <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/Crypto_McKenna\/status\/1950621764624482431\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">argued<\/span><\/a><span data-preserver-spaces=\"true\"> the asset has \u201cthe best looking chart in DeFi,\u201d suggesting it may soon climb to the early-2025 levels. Recall that at the start of the year, the price traded well above $1.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For their part, Reetika <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ReetikaTrades\/status\/1950808787201184184\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">assumed<\/span><\/a><span data-preserver-spaces=\"true\"> that ENA\u2019s further rally will \u201cfully depend\u201d on what happens with Ethereum (ETH) once it potentially reaches $4,000. The analyst said this is not the right time to invest in the token, but cautioned traders to stay ready for possible buy-the-dip opportunities.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, over 140 million ENA tokens <\/span><span data-preserver-spaces=\"true\">are <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/tokenomist.ai\/unlocks\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">scheduled<\/span><\/a><span data-preserver-spaces=\"true\"> for release in the next seven days. The increased circulating supply may lead to a price pullback if demand doesn\u2019t react accordingly.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/3-reasons-why-the-ethena-ena-price-has-soared-by-160-in-the-past-month\/\">3 Reasons Why the Ethena (ENA) Price Has Soared by 160% in the Past Month<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Ethena\u2019s native token has skyrocketed by triple digits in the last 30 days, fueled by major exchange listings and other reasons. Some analysts believe the price could continue pumping in the short term, but the upcoming token unlocks suggest a bearish scenario may also be in play. ENA Takes Center Stage There are numerous [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39741","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39741"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39741\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}