ETH: Ethena's token ENA saw its price decline as Bitcoin slid below $79,000 🚧

Despite ENA hitting a 5-week high in whale activity, the slight dip continued today. Prices could fall further but a potential rebound for BTC may boost ENA. 💡

ENA dropped nearly 4% to intraday lows of $0.11 amid macroeconomic headwinds and Grayscale's move to include ENA in its DeFi Fund. 🛍️

On-chain data showed record network growth, with whales pumping the ecosystem ahead of a governance vote for the fee switch. 🔥

While positive catalysts like this recent surge from $0.14 hint at potential recovery, current trends suggest prices could fall below $0.10 if BTC remains under pressure. 📉

Crypto traders keep an eye on macro events as they can move markets quickly. What do you think of ENA's short-term outlook? 👇 #ETH #ENA #DeFi