Ethena's token, ENA, has experienced a significant surge in value after World Liberty Financial (WLFI), backed by Tron founder Justin Sun, acquired a large number of ENA tokens. This purchase, along with an increase in the total value locked in Ethena's ecosystem, has driven the token's market cap to over $3.36 billion. Additionally, the price of ENA has shown a strong bullish trend, rising from $0.20 in September to $1.20, its highest level in months. With the formation of a cup and handle chart pattern, analysts predict that the token could continue to rise and potentially reach $1.5210 in the future.
- Content Editor ( crypto.news )
- 2024-12-15
Why Ethena is pumping: Could it surge by 35%?