ENA (Ethena) fell 2.23% in the last 24 hours.

Gate News Bot news, on August 12, according to CoinMarketCap data, as of the time of writing, ENA (Ethena) is currently reported at $0.81, with a 24-hour fall of 2.23%, reaching a high of $0.82 and a low of $0.56. The current market capitalization is approximately $5.333 billion, a decrease of $122 million compared to yesterday.

Ethena is an internet economy platform focused on digital dollars. Its main product, USDe, has a supply of $10.42 billion, and users can earn an annual yield of 5% through sUSDe. Ethena also offers USDtb, with a supply of $1.46 billion. The platform currently has 765,000 users, covering 24 blockchain networks. Ethena emphasizes transparency, providing real-time asset support information, weekly reserve proofs, and monthly custodian proofs. Its protocol support ratio is 100.84%, with 24/7 minting/redeeming availability at 100%.

Important news about ENA recently:

1️⃣ Well-known investor Arthur Hayes may purchase ENA Renowned cryptocurrency investor Arthur Hayes recently received 10 ENA from Wintermute as a test, which may indicate that he is about to start a large-scale purchase of the token. Hayes has accumulated an investment of $9.514 million in a bundle of tokens over the past 24 hours, with Ethereum (ETH) making up the largest share at 78%. This move suggests that top investors' interest in ENA is increasing, which could have a positive impact on its future price trends.

2️⃣ Large institutional investors actively adjust ENA holdings Multiple Ethena institutional investor addresses transferred a total of 40.217 million ENA to the exchange in the past 12 hours, worth approximately 29.8 million USD. The institutions involved in this transfer include well-known investment firms such as Strobe Ventures and Amber Group. This large-scale capital flow indicates that institutional investors are actively adjusting their ENA holding strategies, which may cause certain fluctuations in the short-term market.

3️⃣ A certain whale's reallocation behavior has attracted attention A large cryptocurrency holder has recently made significant portfolio adjustments. The address exchanged approximately $3.5 million worth of UNI and AAVE for Ethereum, then purchased 2.31 million LDO for $3.11 million, and bought 1.21 million ENA for $922,700. This reallocation behavior shows that some large investors are increasing their allocation to ENA, reflecting a bullish sentiment in the market towards ENA.

From a technical perspective, the ENA price has experienced significant fluctuations over the past few days. Although large-scale capital transfers by institutional investors may bring short-term pressure, the potential entry of well-known investors and the accumulation behavior of whales may provide support for the ENA price. Investors should closely monitor price trends and changes in trading volume, being wary of possible further fluctuations in the short term.

This message is not intended as investment advice; investors should be aware of market volatility risks.