ENA reaches new highs! The largest whale pledged USD 8 million USDe’s market value soared past 2.2 billion

Since the synthetic U.S. dollar stablecoin protocol Ethena started its second quarter point activity "Sats Campaign" on the 1st, it has attracted more than 127,000 participants, and its stablecoin USDe has since More than $683 million has been issued since the start of the event, demonstrating Ethena's huge appeal.

On the 8th, Ethena announced new incentives. Users only need to lock at least half the amount of $ENA tokens in their pledged USDe position (if 100 USDe is pledged, then $50 of $ENA is locked). You will get an additional 50% points reward, which is 30 times the Sats reward.

This not only greatly stimulated the participation of whale users, but also contributed to the positive performance of the $ENA token price.

The largest whale pledged over 8 million US dollars $ENA

According to on-chain analyst Ai Ai, around 1:30 this afternoon, the whale (0x9b4) locked 601 to Ethena Ten thousand $ENA, worth up to $8.12 million, is currently the largest pledger of $ENA.

The giant whale transferred 6.01 million $ENA tokens from Binance at an average price of $0.95 between April 5 and April 9, and has currently made a floating profit of $2.61 million. Over time, perhaps larger stakers will emerge.

$ENA is approaching the $1.4 mark

Affected by this, $ENA also experienced huge gains. CoinGecko data shows that since Ethena released the news on the 8th, the price of $ENA rushed from US$1.12 to US$1.34 in less than 2 hours, soaring nearly 20%, and today it exceeded US$1.39, setting a new record All time high.

It fell slightly before the deadline and is now trading at US$1.36. It has risen nearly 20% in the past 24 hours, with a market value approaching US$2 billion, making it the 26th largest cryptocurrency by market value.

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