$ENA , the native token of Ethena Labs, has seen an impressive surge, jumping 96.6% over the past month and gaining 45.1% in just the last week.

This price boost has been driven by large-scale buying from "whales," or investors who hold massive amounts of the token.

These whales have accumulated over 5.4 million $ENA tokens, causing a ripple effect in the market.

Ethena's integration with other platforms and its focus on tokenized assets have also contributed to the hype.

The company recently injected $46 million into its ecosystem, which helped boost confidence and drew attention from big players in the crypto space.