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Tag: Ethena

  • Ethena looks to gain as Mega Matrix scoops $6m ENA for treasury strategy

    Ethena looks to gain as Mega Matrix scoops $6m ENA for treasury strategy

    Ethena (ENA) rallies 16% as $8B TVL sparks bullish momentum

    • Ethena price hovered near $0.70 amid overall crypto market wobbles on Friday.
    • Mega Matrix announced it acquired $6 million of ENA for its treasury strategy.
    • Analysts see scope for ENA to approach the $1 mark in the coming weeks as bulls regain control.

    Digital asset treasury moves have been the talk of Wall Street for a while now, and the latest cryptocurrency to attract notable investment is Ethena (ENA).

    On Friday, Singapore-based short-video streaming operator Mega Matrix announced its institutional foray into the DAT ecosystem with a $6 million scoop of ENA tokens.

    While the news came amid an overall crypto downturn, ENA price remained near a key level of $0.70.

    Mega Matrix buys $6 million ENA for treasury

    Mega Matrix announced in a press release that it has completed a $6 million purchase of ENA tokens.

    The company said the move reflects its commitment to a diversified treasury approach focused on stablecoin governance assets, with the Ethena token positioned as a central element of its “DAT Strategy.”

    “Following our launch of MPU’s Stablecoin Governance Token Treasury Reserve (DAT) strategy, we have further expanded our holdings of $ENA and will continue executing weekly accumulations based on market conditions, strengthening our commitment to building the premier treasury reserve for stablecoin governance tokens,” Mega Matrix management said in a statement.

    According to the announcement, the purchase was executed over several weeks through open-market transactions on major exchanges, allowing Mega Matrix to build its position without disrupting market dynamics.

    Mega Matrix said it has acquired a total of 8.46 million ENA tokens at an average purchase price of $0.7165 per token.

    The company noted that holding ENA provides potential governance influence along with exposure to staking rewards and protocol fees, aligning with the broader objectives of its DAT strategy to optimise treasury yields in digital asset markets.

    ENA price forecast: Why else is Ethena bullish?

    With a market capitalization of $4.6 billion, Ethena now ranks among the top 50 cryptocurrencies.

    Backed by endorsements from established entities, the token is drawing attention similar to other leading altcoins such as BNB, XRP and Solana — a trend that could support further adoption of Ethena and similar projects.

    Other than the crypto treasury bets spree, Ethena’s bullish outlook stems from several interlocking factors, including a leading role in the stablecoin market.

    Ethena’s USDe stablecoin has surged to more than $14 billion in circulating supply, underscoring strong demand from investors seeking dollar-denominated returns via DeFi strategies such as delta-hedging and staking.

    Broader market dynamics, including improving regulatory clarity and ETF approvals, are also contributing to the bullish outlook.

    At the same time, Ethena’s open-market ENA buybacks and whale accumulations are reinforcing sentiment.

    With momentum building, analysts see scope for ENA to approach the $1 mark in the coming weeks as bulls regain control.

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  • Ethena price forecast amid a 94 million ENA token unlock

    Ethena price forecast amid a 94 million ENA token unlock

    Ethena Price Amid Token Unlock

    • Ethena’s token ENA is up nearly double digits in 24 hours as bulls eye a breakout above $0.80.
    • The token expects a major unlock event of 94 million ENA.
    • Analysts say price could break out amid key fundamental strengths for Ethena.

    Ethena (ENA) price is up nearly 10% in the past 24 hours, despite the USDe stablecoin platform facing a huge token unlock.

    The price of Ethena at $0.69 signals a potential breakout if buyers drive sentiment post the over 94 million ENA token unlock event.

    Meanwhile, trading volume has surged 53% to over $574 million and market cap to $4.6 billion, putting Ethena among the top gainers on the day.

    Bitcoin Cash, Tornado Cash and Sky are among the outperformers in the past 24 hours.

    Ethena price ticks up ahead of token unlock

    As noted, Ethena is preparing for a significant token unlock, with 94.2 million ENA tokens set to be unlocked on Sept. 2.

    Per current price, the total value of the tokens coming into circulation stands at around $63.1 million, scheduled for 15:00 UTC+8.

    According to on-chain details shared by SoSoValue in a post on X, the huge ENA unlock will account for 0.63% of the total supply.

    Notably, the coins will be distributed between the ecosystem fund and foundation, with 53.55 million ENA going to the fund and 40.64 million ENA to the foundation.

    In the crypto market, token unlocks are critical events and often affect market liquidity and price stability.

    Ethena’s price will likely swing amid the token release, with trader sentiment key to short-term price movement.

    However, this unlock comes amid substantial milestones for the Ethena network, including the success of its synthetic dollar USDe.

    The past month has seen USDe cross the $12 billion market cap, and Ethena surpassed $500 million in cumulative gross interest revenue. Ethena also saw over $30 million USDe of rewards distributed.

    Strong fundamentals and broader market sentiment may thus help ENA price even as 94 million tokens come into circulation.

    Ethena price forecast

    The ENA token reached highs of $0.85 in August after a significant uptick from lows of $0.51 earlier in the month.

    However, profit taking tanked prices to around $0.62 before a bullish bounce faded around $0.75.

    Ethena price chart by TradingView

    Ethena price is back near the $0.70 mark after its latest uptick, with ENA’s current daily chart displaying a potential cup and handle pattern.

    The pattern often signals a bullish trend continuation, and a price breakout above $0.80 is likely to confirm this for Ethena.

    The daily RSI above 54 and upsloping add to this bullish outlook. Buyers could target $1.26 in the short term.

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  • Top 3 altcoins under $1 worth watching: Sei, Ethena, Arbitrum

    Top 3 altcoins under $1 worth watching: Sei, Ethena, Arbitrum

    Sei Token Among Top Coins To Watch

    • Sei eyes further gains as it breaks above $0.31 with a 20% surge in 24 hours.
    • Ethena price is above $0.35 and could eye the $1 psychological level amid fresh momentum
    • Arbitrum price has reached $0.41 and could explode amid adoption trends.

    The cryptocurrency market is in an uptrend, with several altcoins under $1, including Sei, Ethena, and Arbitrum, seeing notable gains in the past 24 hours.

    Sei has surged 20% in the last 24 hours, breaking above $0.31, while Ethena has spiked above $0.35. Elsewhere, Arbitrum trades above $0.41.

    With these tokens among the top 100 best performers as altcoins gain alongside Bitcoin, are they worth watching?

    Here’s a brief overview of each.

    Sei (SEI) price poised at $0.31

    Sei, a high-performance layer 1 blockchain designed for decentralized finance (DeFi) and high-frequency trading, has recently captured significant attention.

    On July 10, 2025, Sei announced a major milestone with the integration of native USDC and Circle’s CCTP V2, positioning it as a trusted financial rail for institutional-scale transactions.

    This development, coupled with a 20% price surge in the last 24 hours, underscores Sei’s potential to dominate the DeFi and payment sectors.

    As Sei continues to enhance its infrastructure for seamless, near-instant global settlement, it remains a coin worth watching for investors seeking exposure to high-speed blockchain solutions.

    The broader crypto market, currently at $3.6 trillion, is experiencing a bull flip. Sei broke above $0.30 and could eye a further upward trajectory.

    Bulls will target $1 having already seen the token tap the all-time high of $1.14 in March 2024.

    Ethena (ENA) breaks above $0.35

    Ethena, a delta-neutral stablecoin protocol based on Ethereum, has seen a notable price increase, surpassing $0.35 as top altcoins rallied alongside Bitcoin.

    The ENA token’s uptick in the past 24 hours comes amid listing by Upbit, South Korea’s largest crypto exchange. Upbit announced the listing of ENA trading pairs with KRW, BTC, and USDT, beginning July 11, 2025.

    Ethena, which aims to provide a stablecoin solution resilient to market volatility, could see its native token benefit from Upbit’s listing with further adoption and liquidity.

    The Ethena Lab’s focus on stability and its integrations across the market means it’s a key player in the stablecoin and DeFi sectors.

    Given the crypto market’s recent surge, Ethena’s one of the altcoins to monitor. ENA traded at an all-time high of $1.52 in April 2024.

    Arbitrum price breaks $0.41

    Arbitrum, an Ethereum layer-two (L2) scaling solution, has demonstrated strong performance. ARB price has reached $0.41 and looks bullish.

    Known for improving Ethereum’s speed, scalability, and cost-efficiency through optimistic rollups, Arbitrum is well-positioned to dominate the smart contract platform sector.

    Its native token, ARB, is used for governance within the Arbitrum DAO, further solidifying its role in decentralized applications (dApps).

    A 15% increase in Arbitrum’s price over the last 24 hours and 26% in the past week, aligns with the broader market’s uptick.

    If institutional interest in L2 solutions continues to rise, Arbitrum’s potential for further gains makes it a noteworthy altcoin under $1.

    The token traded at the ATH of $2.40 in January 2024.
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  • Ethena (ENA) investors turn to Oasis (ROSE) and Bitbot for potential gains

    Ethena (ENA) investors turn to Oasis (ROSE) and Bitbot for potential gains

    Ethena (ENA) investors turn to Oasis (ROSE) and Bitbot for potential gains
    • Ethena (ENA) struggles with bearish trends, eyes set on $0.65 support.
    • Oasis (ROSE) showcases bullish resilience driven by robust technology.
    • Bitbot presale investors eyes token claiming via Telegram ahead of plans DEX listing.

    Ethena (ENA), recently a darling of many crypto investors with an impressive bullish rally, is facing a prolonged bear trend, prompting investors to seek alternative opportunities in assets like Oasis (ROSE) and innovative platforms such as Bitbot.

    While Ethena declines, Oasis stand as compelling alternative for its sustained gains and Bitbot’s native token, $BITBOT, is projected to surge upon exchange listing.

    Ethena price falls as analysts point to further decline

    Market analysis of Ethena (ENA) reveals a downtrend marked by failed attempts at bullish reversals and significant price retracements.

    Despite initial optimism, the token struggled to maintain key psychological levels, notably failing to sustain the $1 mark.

    While some traders anticipate a potential bullish comeback if critical support levels around $0.65 hold firm, technical indicators, including the MACD and EMA charts, highlight ongoing bearish pressures.

    The death cross formation on the 4-hour chart underscores the substantial influence of bearish sentiment, suggesting that Ethena may face further challenges in reclaiming previous highs without significant market shifts.

    Oasis (ROSE) captures investors’ attention with its sustained rally

    In contrast to Ethena’s struggles, Oasis (ROSE) has emerged as a beacon of optimism in the cryptocurrency market.

    The native asset of Oasis Network, ROSE, has defied broader market trends with a notable uptrend characterized by a rounding bottom pattern and a golden cross of the 50-day and 200-day EMAs—a bullish signal highly regarded in technical analysis.

    Investor sentiment towards ROSE has been bolstered by its resilience amidst market volatility. The token recently saw a significant rebound from support levels around $0.080, reclaiming key thresholds like $0.10 and nearing the billion-dollar market capitalization mark.

    Analysts speculate that ROSE could potentially reach the psychological milestone of $1 within the near future, buoyed by robust technical indicators and growing investor confidence.

    The integration of privacy-focused technologies and scalable solutions within Oasis Network, including Sapphire and native rollup support, further positions ROSE as a promising contender in sectors spanning decentralized finance (DeFi), artificial intelligence (AI), and beyond.

    Bitbot investors eagerly await token claiming and exchange listing

    While Oasis (ROSE) offers an alternative investment opportunity for Ethena investors, Bitbot, the pioneering AI-powered Telegram trading bot, has garnered significant attention following the successful conclusion of its public presale, which raised over $4.3 million.

    Designed to democratize access to institutional-grade trading tools, Bitbot offers features such as real-time market data integration, non-custodial wallet capabilities, and a user-friendly interface accessible directly through Telegram.

    Following the successful presale, Bitbot investors are now eagerly anticipating the commencement of token claiming via its Telegram bot in the coming weeks. This feature will allow users to secure their tokens and participate in the platform’s ecosystem, which includes earning incentives through trading fees and token taxes.

    Looking ahead, Bitbot’s roadmap outlines ambitious plans, including listing on decentralized exchanges (DEXes), launching its native mobile app, and expanding to support multiple blockchain networks.

    These developments are set to further enhance Bitbot’s functionality and accessibility, catering to a global community of crypto enthusiasts seeking innovative trading solutions.

    Conclusion

    While Ethena (ENA) faces challenges amidst a bearish market sentiment ROSE’s impressive performance and technological advancements make it a compelling option for those seeking growth.

    On the other hand Bitbot’s upcoming developments promise to revolutionize how traders engage with digital assets.

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