(ENA) Summary of recent news hot spots

1. Market performance: significant price fluctuations

Recently, the price of Ethena (ENA) has been volatile. As of January 3, 2025, the ENA price was approximately $1.044, rising by approximately 1.36% in 24 hours. However, the price has increased by approximately 8.50% in the past week, indicating a definite upward trend. 

2. Giant whale activity: large ENA transfers attract attention

Recently, a giant whale transferred approximately 9 million ENAs worth approximately US$9.77 million from the centralized exchange (CEX) and transferred them to the Ethena platform. In addition, BitMEX co-founder Arthur Hayes has unstaking and deposited 9 million ENA into CEX in the past two days, while 7.94 million ENA is still pledged. These large transfers have attracted widespread market attention. 

3. Investment trends: Institutions are optimistic about the development of Ethena

Investment institution ArkStream Capital stated that after Trump came to power, they chose to invest in Ethena. It is expected that decentralized stablecoins represented by Ethena will continue to grow in market size in 2025, reaching a market share of 10%. Additionally, Blockworks predicts that Ethena is expected to be the major winner. 

4. Ecological development: Ethena’s impact on DeFi

Some analysts pointed out that Ethena has significantly increased the usage of the entire decentralized finance (DeFi) through billions of dollars of growth, similar to the impact of stETH on Ethereum DeFi. However, there are also views that Ethena may pose a systemic risk to DeFi. This topic has sparked heated discussions in the community. 

Disclaimer: The cryptocurrency market is highly volatile, so investment needs to be cautious. The above information is for reference only and does not constitute any investment advice. $ENA