ENA

Ethena Price Today & AI Analysis

ENASolanaAnalysis as of Sep 23, 2026

Price

$0.2081

+0.43% 24h

Contract

Live
72QvBVwpxqmheEPfaCwWSWqEFsUy3rhWt6JhQBMNTwD1

Chain

Solana

Holders

2,248

Market cap

$1,382,349

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Ethena: holders, selling & liquidity

2026-09-23 20:15 UTC

Holder addresses

2,248

Top 10 supply share

24.20%

Reported liquidity

$388,118.00
How concentrated is Ethena ownership?
As of 2026-09-23 20:15 UTC, the provider reports that the top 10 holder addresses hold 24.20% of supply. It reports 2,248 holder addresses in total. Addresses are not people; pool, exchange, burn and related addresses have not been independently classified here.
Are large holders selling Ethena?
This report cannot establish whether large holders are selling: it does not include wallet-level holder balances over time matched to swaps. As of 2026-09-23 20:15 UTC, the preceding 24-hour DEX volume was $1,349,288.00 in buys and $1,667,831.00 in sells. Those totals describe trading activity, not which holders traded. A large swap alone does not identify a large holder, and a transfer alone does not prove a sale.
Is Ethena liquidity falling?
Sampled USD liquidity changed +413.67%, from $184,725.64 (2026-09-22 21:00 UTC) to $948,885.28 (2026-09-23 20:00 UTC). This compares the earliest and latest available samples, which may cover less than 24 hours. USD changes can reflect asset prices as well as liquidity deposits or withdrawals.
Sources, observations & limitations

Source: Codex token aggregates, hourly liquidity samples and recent DEX swaps. Token aggregates retrieved 2026-09-23 20:15 UTC; the provider may lag the chain. Buy/sell totals cover the preceding 24 hours. Observations are saved with this report and do not update live. Holder addresses are not unique people. The provider’s top-10 share is not adjusted here for pools, exchanges, burn addresses or related wallets. Sniper classifications and wallet-level holder history are unavailable. Inspect token on the block explorer.

Saved liquidity observations

Observation (UTC)Liquidity (USD)
2026-09-22 21:00 UTC$184,725.64
2026-09-22 22:00 UTC$189,863.87
2026-09-22 23:00 UTC$190,518.83
2026-09-23 00:00 UTC$190,032.98
2026-09-23 01:00 UTC$188,675.73
2026-09-23 02:00 UTC$190,825.28
2026-09-23 03:00 UTC$190,594.87
2026-09-23 04:00 UTC$189,436.73
2026-09-23 05:00 UTC$190,855.16
2026-09-23 06:00 UTC$190,730.82
2026-09-23 07:00 UTC$189,808.43
2026-09-23 08:00 UTC$188,614.68
2026-09-23 09:00 UTC$188,292.67
2026-09-23 10:00 UTC$187,377.63
2026-09-23 11:00 UTC$186,410.48
2026-09-23 12:00 UTC$188,227.30
2026-09-23 13:00 UTC$187,196.04
2026-09-23 14:00 UTC$183,482.66
2026-09-23 15:00 UTC$182,134.95
2026-09-23 16:00 UTC$184,678.70
2026-09-23 17:00 UTC$188,300.46
2026-09-23 18:00 UTC$229,990.31
2026-09-23 19:00 UTC$486,334.25
2026-09-23 20:00 UTC$948,885.28

Recent swap evidence

Up to 10 recent swaps returned by the provider within the preceding 24 hours. This is a sample, not all trades or a ranking of large holders.

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Report snapshot

as of Sep 23, 08:16 PM UTC

FDV

$1,382,349

Liquidity

$388,118.00

Holders

2,248

Snipers

Not available

Risk

High
Loading price chart…

AI Executive Summary

Risk

High

Sentiment

Bearish

ENA (as represented on this Solana-based pair) trades at $0.2081 with a 24h change of only +0.43%, but that masks an extreme intraday spike: the last two hourly candles show volume exploding from a normal ~$1-8K/hr range to $1.54M and $6.43M respectively, with price briefly surging to $0.248 before collapsing back to $0.208. Total liquidity is thin at $388.12K against a $1.38M FDV, and 24h buy/sell volumes ($1.35M buy vs $1.67M sell) show net sell pressure (55.3%) despite more unique buyers (4,104) than sellers (3,858). Holder base snapshot shows 2,248 addresses with top-10 wallets controlling 24.2% of supply. Critical data gaps exist: no sniper coverage, no mint/freeze authority verification, and no holder history — all of which materially limit confidence in this assessment.

Key points

  • Extreme final-hour volume spike (~$6.43M in a single hour) against a normally thin ~$388K liquidity pool is a major anomaly and risk flag
  • Sell volume (55.3%) modestly exceeds buy volume (44.7%) over 24h despite the huge late spike
  • Top-10 holders control 24.2% of supply per current snapshot, but no history is available to assess trend
  • Mint/freeze authority status is completely unverified — cannot confirm rug risk from authorities
  • No sniper data available, removing a key early-manipulation signal

AI Price Analysis

bearish

Short term · 24-48h

bearish

Price spiked violently to $0.248 in the final observed hour on massive abnormal volume before crashing back to $0.208, essentially round-tripping the move. This pattern (spike-and-reversion on outsized volume against thin liquidity) often precedes further downside as the move gets fully unwound, though a bounce from support is possible if buyers regroup.

Target low

$0.195

Target high

$0.225

Support

$0.2081 (last close / prior base), $0.2009 (24h candle low)

Resistance

$0.2159-0.2191 (recent multi-hour trading range), $0.2339 (post-spike high), $0.2483 (spike peak)

Medium term · 7-14 days

neutral

Absent further catalysts, price likely reverts toward the pre-spike consolidation band ($0.203-0.220) that dominated the prior 20+ hours of trading. Sustained direction depends on whether the volume spike reflects a one-off event (e.g., a large trade or listing-related activity) or the start of a genuine demand shift.

Catalysts

  • Whether the abnormal volume was driven by a single large wallet/whale entering or exiting (unknown due to lack of sniper/holder history data)
  • Broader Ethena/USDe ecosystem news on Ethereum, which could spill over to sentiment for this token
  • Liquidity depth changes — a $388K pool is easily moved by moderate-sized trades in either direction

Bullish factors

  • 24h price change is still positive (+0.43%)
  • More unique buyers (4,104) than sellers (3,858) in the 24h window
  • Volume trend over the trailing 24h shows increasing activity overall

Bearish factors

  • 24h sell volume ($1.67M) exceeds buy volume ($1.35M), a net sell skew of 55.3%/44.7%
  • The final hour's massive volume spike reversed almost entirely within the same hour, suggesting a failed breakout or wash-style activity
  • Liquidity is shallow ($388.12K) relative to the volume spike observed, implying high slippage/manipulation risk
  • No confirmation of mint/freeze authority status, adding tail risk

Confidence: low. The data shows a highly anomalous volume/price spike in the most recent two candles that is not explained by any other data point (no news, no sniper data, no holder flow detail). This makes short-term forecasting unreliable, and the absence of authority, sniper, and holder-history data further undermines confidence.

ENA call history

Full track record →

Sep 23bearish
24hpending
7dpending
30dpending

Calls are recorded the moment the analysis is generated and scored automatically against the market price 24h, 7d and 30d later — hits and misses alike, never edited.

Token Info

Chain
Solana
Contract
72QvBV...TwD1
Total Supply
6,642,430.67 ENA (formatted)

Key Risks

  • Extreme, unexplained volume and price spike in the final observed hour ($6.43M volume, +19% then -16% swing) against thin $388K liquidity
  • Net sell pressure over 24h (55.3% sell vs 44.7% buy volume)
  • No verification of mint/freeze authority status — cannot rule out rug-pull mechanics
  • No sniper wallet data available to assess early manipulation or coordinated dumping risk

Smart money & sniper coverage

Sniper classifications and wallet-level trading histories are not available in this report. Sniper concentration, profit-taking and dump risk have not been assessed.

Deep Analysis

Over the trailing 24 hourly candles, price drifted in a range of roughly $0.201-$0.222 for about 20 hours with modest volume (typically $400-$8,500, with a couple of outliers near $16K). In the final two candles, volume exploded to $1.54M then $6.43M — orders of magnitude above the prior norm — driving price from ~$0.2096 up to a high of $0.2483 before closing back down at $0.2081, essentially unwinding the entire spike within the observation window.

Trend

Short-term

Downtrend

Medium-term

Sideways

Medium-term (24h) price action was range-bound/sideways between ~$0.201 and $0.222 before a violent one-hour spike and reversal. The most recent short-term action (last 1-2 candles) is a sharp downtrend/reversal from the spike high back to near the pre-spike close.

Momentum & Volume

Momentum

Neutral

Volume trend

Increasing

Buy

45%

Sell

55%

Key Price Levels

Immediate support

$0.2081 (current price / latest close)

Major support

$0.2009 (24h low, candle 20)

Immediate resistance

$0.2159-0.2191 (prior multi-hour consolidation ceiling)

Major resistance

$0.2483 (spike high, candle 23)

The $0.201-0.222 band acted as consolidation for roughly 20 hours and remains the key range to watch. The spike to $0.2483 is a clear resistance/rejection point given the immediate reversal, while $0.2009 marks the recent floor. A close back below $0.2009 would signal further downside; reclaiming $0.222-0.234 would suggest the spike had lasting bullish impact.

Notable patterns

  • Sideways consolidation for ~20 hours followed by a sharp spike (candle 23: O:0.2096 H:0.2483 — a large-range bullish candle)
  • Immediate reversal candle (24) that gives back nearly the entire spike gain, closing near the pre-spike level — a classic blow-off/exhaustion pattern
  • Volume anomaly: two candles account for the vast majority of 24h volume, inconsistent with the rest of the dataset

Liquidity

Liquidity

$388,118.00

Depth

Shallow

Slippage risk

High

Total liquidity of $388.12K is shallow relative to the $3.02M combined 24h volume (buy+sell) and especially relative to the single-hour volume spike of $6.43M seen in the final candle — implying that large trades during that spike likely caused significant slippage and price impact, consistent with the observed 19% intra-hour price swing (from ~$0.209 to $0.248 and back to $0.208). Sell volume ($1.67M) modestly outweighs buy volume ($1.35M), producing a net outflow bias (55.3% sell vs 44.7% buy) despite more unique buyers (4,104) than sellers (3,858), suggesting sellers on average traded larger size than buyers. This combination of thin liquidity and volume spikes creates high slippage risk for any meaningfully sized trade.

Supply & authorities

Total supply

6,642,430.67 ENA (formatted)

FDV

$1.38M

Mint authority

Not available

Freeze authority

Not available

Mint and freeze authority checks are not included in the saved provider observations. Metadata update authority does not establish either permission.

  • Volatilityhigh

    The token experienced an intra-hour swing of roughly 19% (from ~$0.209 to $0.248 and back to $0.208) driven by an anomalous volume spike, indicating extreme short-term volatility well beyond the prior 20-hour trading range of $0.201-$0.222.

  • Liquidityhigh

    Total liquidity of only $388.12K against a $1.38M FDV and a single hour of $6.43M in trading volume indicates the pool cannot absorb large trades without severe slippage, and the pool could plausibly be drained or manipulated by moderately sized actors.

  • Concentrationmedium

    Top-10 holders control 24.20% of supply per the current snapshot. This is a real but moderate concentration figure; however, no top-100 or full distribution data, and no historical trend, is available, limiting full assessment.

  • Sniper DumpNot assessed

    Sniper classifications and wallet trading histories are unavailable.

  • AuthorityNot assessed

    Contract or authority checks are not included in the saved provider observations.

Key risks

  • Extreme, unexplained volume and price spike in the final observed hour ($6.43M volume, +19% then -16% swing) against thin $388K liquidity
  • Net sell pressure over 24h (55.3% sell vs 44.7% buy volume)
  • No verification of mint/freeze authority status — cannot rule out rug-pull mechanics
  • No sniper wallet data available to assess early manipulation or coordinated dumping risk
  • Concentrated holder base with top 10 addresses controlling 24.2% of supply, and no historical trend data to assess whether this is improving or worsening
  • Very small absolute market size ($1.38M FDV, $388K liquidity), making the token highly sensitive to modest capital flows

Mitigating factors

  • More unique buyers (4,104) than sellers (3,858) in the 24h window, suggesting broad-based retail interest rather than concentration among a few sellers
  • 24h price change remains slightly positive (+0.43%) despite the intraday volatility
  • Token is linked (by name/description) to the established Ethena/USDe protocol brand, though this Solana-side listing's authenticity/verification status is itself unconfirmed

Suitable for

Given shallow liquidity, an unexplained extreme volume/price spike, unverified mint/freeze authority status, and a complete absence of sniper and holder-history data, this token is suitable only for highly risk-tolerant, speculative traders who can accept the possibility of severe slippage, manipulation, or total loss. It is not appropriate for conservative investors or those seeking stable, well-collateralized exposure.

This token shows a small-cap profile ($1.38M FDV, $388K liquidity) with a recent, highly anomalous volume/price spike that reversed almost entirely within the observation window. Combined with unresolved data gaps around mint/freeze authority and sniper activity, the risk/reward is skewed toward caution despite modestly positive 24h price action and buyer count.

Scenario Analysis

Bull Case

Low probability

If the recent volume spike reflects genuine new demand or a positive catalyst (e.g., renewed interest tied to the broader Ethena/USDe ecosystem) rather than a one-off manipulative event, the token could establish a higher trading range above the prior $0.201-0.222 consolidation, supported by the fact that unique buyers (4,104) outnumbered sellers (3,858) over 24h.

  • Sustained volume at elevated levels (not reverting to the pre-spike baseline of a few thousand dollars/hour)
  • Positive news flow from the Ethena/USDe protocol ecosystem
  • Growing, sustained holder count beyond the current 2,248 address snapshot (unverifiable with current data)

Base Case

Absent new information, price likely reverts toward the pre-spike consolidation band of roughly $0.203-$0.222 that characterized ~20 hours of prior trading, with the anomalous spike treated as a temporary outlier rather than a lasting trend change.

  • The extreme volume in the final two candles was a temporary, non-recurring event (e.g., single large trade, listing event, or data artifact)
  • No major authority-related negative event (e.g., mint dilution) occurs in the near term, though this cannot be confirmed
  • Holder base and liquidity remain roughly stable near current levels absent new catalysts

Bear Case

Medium probability

The spike-and-reversion pattern in the final two candles, combined with net sell-volume dominance (55.3%) and thin liquidity, suggests the move was a short-lived, possibly manipulative or wash-trade-driven event that could be followed by continued price decay back toward or below the $0.201-0.209 range as any speculative buyers from the spike look to exit.

  • Shallow liquidity amplifying downside price impact from moderate sell orders
  • Net 24h sell-volume skew (55.3% vs 44.7% buy)
  • Unverified mint/freeze authority raising tail risk of supply dilution or account freezing
  • Lack of any sniper/holder-history data to confirm organic demand behind the spike

Analysis details

Generated

Sep 23, 08:16 PM UTC

Saved observation

2026-09-23 20:15 UTC

Model confidence

Low

Data sources

  • On-chain metadata (mint, supply, decimals, description)
  • Price and 24h change data from token pair on Raydium CLMM
  • 24 hourly OHLC candles (USD)
  • Trading analytics (buy/sell volume, buyer/seller counts, price % change intervals)
  • Sniper analysis (returned no data)
  • Holder aggregates snapshot (Codex) — holder count and top-10 concentration only

Limitations

  • No sniper wallet data was available, preventing assessment of early-buyer/sniper concentration, PnL, or dump risk
  • No mint or freeze authority verification was provided, so rug-pull risk from token authorities is entirely unknown
  • No historical holder count data (24h/7d/30d growth) was available — only a single current snapshot
  • No top-100 holder concentration or wallet classification/labeling data was available
  • The final two hourly candles show an extreme, unexplained volume and price anomaly (99%+ of 24h volume in 2 hours) that could reflect a data artifact, single large trade, or manipulative activity — the underlying cause could not be determined from the data provided
  • Verified-contract, possible-spam, update-authority, and mutability flags were all marked unknown in the source data

How we keep this honest

Every directional call on these pages is recorded before the outcome is known and scored on our public prediction track record. We apply the same standard to others: our audit of 1,581 crypto YouTube predictions found bullish calls did worse than random timing, and our memecoin pump anatomy study measured what chasing a pump actually costs.

This analysis is generated from on-chain and market data provided at a single point in time and is for informational purposes only. It is NOT financial advice. Cryptocurrency markets, especially low-liquidity tokens, are highly volatile and carry substantial risk of loss, including total loss of capital. Several critical data points (authority status, sniper activity, holder history) were unavailable and are explicitly flagged as unknown rather than assumed favorable. Always conduct independent research and consult a qualified financial advisor before making investment decisions.

Frequently Asked Questions

How concentrated is Ethena ownership?

As of 2026-09-23 20:15 UTC, the provider reports that the top 10 holder addresses hold 24.20% of supply. It reports 2,248 holder addresses in total. Addresses are not people; pool, exchange, burn and related addresses have not been independently classified here.

Are large holders selling Ethena?

This report cannot establish whether large holders are selling: it does not include wallet-level holder balances over time matched to swaps. As of 2026-09-23 20:15 UTC, the preceding 24-hour DEX volume was $1,349,288.00 in buys and $1,667,831.00 in sells. Those totals describe trading activity, not which holders traded. A large swap alone does not identify a large holder, and a transfer alone does not prove a sale.

Is Ethena liquidity falling?

Sampled USD liquidity changed +413.67%, from $184,725.64 (2026-09-22 21:00 UTC) to $948,885.28 (2026-09-23 20:00 UTC). This compares the earliest and latest available samples, which may cover less than 24 hours. USD changes can reflect asset prices as well as liquidity deposits or withdrawals.

What is the short-term price outlook for Ethena (ENA)?

Price spiked violently to $0.248 in the final observed hour on massive abnormal volume before crashing back to $0.208, essentially round-tripping the move. This pattern (spike-and-reversion on outsized volume against thin liquidity) often precedes further downside as the move gets fully unwound, though a bounce from support is possible if buyers regroup. Short-term outlook is bearish (24-48h), with a target range of $0.195 to $0.225.

Is ENA a safe investment on Solana?

The AI assessment rates overall risk as very high with a risk score of 82/100. Given shallow liquidity, an unexplained extreme volume/price spike, unverified mint/freeze authority status, and a complete absence of sniper and holder-history data, this token is suitable only for highly risk-tolerant, speculative traders who can accept the possibility of severe slippage, manipulation, or total loss. It is not appropriate for conservative investors or those seeking stable, well-collateralized exposure.

What are the key risks of holding ENA?

Extreme, unexplained volume and price spike in the final observed hour ($6.43M volume, +19% then -16% swing) against thin $388K liquidity • Net sell pressure over 24h (55.3% sell vs 44.7% buy volume) • No verification of mint/freeze authority status — cannot rule out rug-pull mechanics

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