ENA Prediction

About ENA (ENA)

ENA is the governance token for Ethena Labs, the protocol behind USDe - a synthetic dollar offering 5% APY. With a ~$994M market cap and 86,964 holders, it represents a significant DeFi infrastructure play. However, the token faces near-term headwinds from concentrated ownership (91% held by top 100 wallets) and current selling pressure, despite showing steady organic holder growth.

Current price: $0.120900

Market cap: $994.40M

Liquidity: $658.82K

Holders: 87.3K

ENA Price Prediction

ENA is experiencing notable selling pressure with a -6.02% decline over 24 hours and a buy/sell ratio of 44%/56%. The hourly data shows particularly weak momentum with only 1 buy versus 7 sells in the last hour, suggesting continued short-term weakness before potential stabilization.

Medium-term outlook hinges on whether ENA can maintain holder growth momentum (+0.9% monthly) and stabilize above key support levels. The project's USDe stablecoin offering 5% APY provides fundamental utility, but high supply concentration (62% in top 10 wallets) creates overhang risk.