Whales Accumulate Massive Ethena (ENA) Holdings Amid Market Consolidation

Institutional investors are taking note of the growing Ethena (ENA) market, as whales have accumulated a significant amount of tokens in recent days, signaling confidence despite market stability. The price of ENA remains steady near $0.58 with an increase of 36% in trading volume this past 24 hours. Early signs suggest a short-term rebound could be on the horizon. On-chain analysis supports this view, as whales buying activity coincides with price stabilization and increased market liquidity.