Ethena whales staked 40 million ENA worth $3.71 million. A newly created wallet funded through Coinbase withdrew and staked the entire amount, reducing its immediately liquid holdings. ENA traded around $0.093, up 3.7% daily and 10% weekly, with trading volume increasing 9.5% to $146 million. Staked ENA reached 7.58% of total supply, representing 1.1 billion tokens valued at approximately $104 million. The token is now targeting $0.098 but must hold above $0.09 to preserve the bullish setup.
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