In the past 24 hours, Ethena Labs-linked wallets have made significant moves in the cryptocurrency market. Two wallets deposited a large amount of $ENA tokens, worth $11.52 million, to Binance at an average price of $0.386. These wallets still hold a considerable amount of $ENA, suggesting that early allocations are still being held despite recent sell-offs. Another notable transaction involved a whale investor depositing $3.5 million worth of $ENA into Binance and Bybit, and this investor still holds a significant amount of $ENA. The market sentiment for $ENA is mixed, with recent large unlocks injecting uncertainty, but many traders expect a rebound. Analysts predict a potential rally if market conditions stabilize. Currently, $ENA is trading at $0.3693 and is in a prolonged downtrend, but buyers have shown interest in the demand zone. The stochastic RSI reflects moderate momentum, and a breakout could lead to a resistance level at $0.65 and a potential rally towards $1.944. Social volume has shown cyclical spikes, correlating with price fluctuations, and weighted sentiment remains negative but could potentially shift with increased engagement.



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