🌀 Ethena’s Surge — ENA Token Hits R$0.62 on Strong Demand Surge
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✅ As of today,
$ENA is trading around R$0.62, following a 13% rally in 24 hours, peaking near R$0.628 with trading volume up ~28% to R$1.14 billion BRL.
📈 Markets are signaling renewed buying interest:
Open interest has climbed ~17% to R$1.14B, futures volume soared (~46%), and Binance long/short ratio sits near 2.0, reflecting strong bullish sentiment.
Spot netflow has turned negative, indicating coins are leaving exchanges—often a sign of accumulation.
🎯 Technical levels to watch:
Support zone: R$0.51–R$0.55
Upside resistance targets: R$0.68 then R$0.70 if momentum continues.
⚠️ Upcoming Challenge: On August 6, ~171.85 million ENA tokens (~2.7% of market cap) unlock — worth ~R$103 million at current prices, which may trigger sell pressure. But sentiment appears resilient so far.
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🧠 Context & Use Case
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$ENA ** is the native governance token of Ethena, the Ethereum-based synthetic dollar protocol behind USDe.
USDe recently became the third-largest stablecoin, surpassing FDUSD, with supply soaring ~75% in the past month to about R$9.3B.
TVL has exceeded R$9.5B, positioning the protocol among the top DeFi platforms in terms of locked assets.
Arthur Hayes, co-founder of BitMEX, recently bought 2.16M ENA (~R$1.06M) as part of an Anchorage partnership move, driving an 8% price uptick and further market confidence.
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🔎 Summary for Social Share
> Ethena (
$ENA ) is powering ahead at ~R$0.62, up 13% in 24h on R$1.14B+ trading volume. With strong futures-open interest and sustained outflows from exchanges, bulls are betting hard. Despite a major token unlock (~171M ENA on Aug 6), support holds around R$0.51–R$0.55 and resistance lies at R$0.68–R$0.70. USDe adoption continues to explode, vaulting ETH-based stablecoin demand.
#Ethena #ENA #DeFi #USDe #Crypto