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StablecoinX reported its first quarter as a public company with a $34.2 million net loss and a 3 billion ENA token treasury valued at $218.4 million.
Ethena's ENA token rose 0.17 percent to $0.08947 after the protocol partnered with FalconX, approaching a key technical resistance level.
Arthur Hayes accumulated 9.05 million ENA tokens over three days, days before Ethena unlocks $15.36 million in supply on August 5.
Whales accumulated over 102 million ENA tokens worth $8.49 million from centralized exchanges, reducing available supply and signaling long-term conviction despite recent price weakness.
Ethena (ENA) current price is $0.083500, down 1.7% today.
Ethena (ENA) daily trading volume is $36.0M
Ethena (ENA) current market cap is $820.5M
Ethena (ENA) current circulating supply is 9.8B
Ethena (ENA) fully diluted market cap (FDV) is $1.2B
Ethena (ENA) is founded by Guy Young
