A whale has withdrawn 9 million ENA tokens, worth $9.77 million, from Binance and staked them into Ethena, a move that has attracted positive attention in the crypto community. The trader converted the tokens into USDe, a synthetic dollar coin representing staked Ethena. By staking USDe, users can earn yields worth 27% APY. This demonstrates the growing significance of DeFi in the crypto space and the potential of Ethena as a money-generating station. Despite a recent market downtrend, ENA's price has doubled due to the adoption of USDe, which has become the third-largest stablecoin with a market cap exceeding $6 billion.



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