Ethena’s total mark locked has surged by an impressive 50% in the previous month, with ENA posting well-known mark beneficial properties.
- Ethena’s TVL rose 50% in July, reaching $8.44B, with solid USD inflows.
- ENA mark surged 134% in a month, boosted by whale exercise and key trends.
- Technical indicators indicate a bullish uptrend, with give a boost to at $0.60 and resistance at $0.70–$0.75.
Primarily based on DeFiLlama recordsdata, Ethena’s (ENA) TVL became as soon as $8.44 billion on the shatter of July. In contrast to $5.46 billion on the initiating of the month, this represents a well-known amplify, suggesting that the platform is rising and gaining traction.
The platform’s costs possess elevated alongside the amplify in TVL, rising from $19.96 million in June to $36.05 million in July. USD inflows possess viewed an noteworthy extra well-known surge, jumping from $47 million in June to $2.96 billion in July, reflecting a solid influx of capital into the platform.
Whale exercise and rising ENA metrics
Whales were especially active, consistent with a July 31 put up on X by analyst Ali Martinez. Over the previous week, Seventy nine.25 million ENA tokens were gathered. Primarily based on this spike in whale exercise, ENA’s quantity elevated greatly, from $6 billion in June to $27 billion in July.
Whales possess gathered Seventy nine.25 million Ethena $ENA in the previous week! pic.twitter.com/bD8NAthAwu
— Ali (@ali_charts) July 30, 2025
This whale involvement presentations a solid self assurance in Ethena’s prospects. ENA’s mark is up 6% in the final day, 31% in the final week, and a unparalleled 134% in the final month,
Ethena’s July updates spur enhance
Ethena’s rising momentum would possibly maybe also be attributed to several key trends. On July 11, ENA became as soon as listed on Upbit, the biggest cryptocurrency change in South Korea, greatly rising its exposure and liquidity.
Then, on July 21, StablecoinX raised $360 million to buy ENA tokens, with $260 million dedicated to a buyback program. The token’s mark is anticipated to rise further as a results of the quiz shock prompted by this buyback program.
Furthermore, on July 24, Ethena and Anchorage Digital partnered to possess USDtb, their synthetic greenback, one of many first stablecoins to conform with the U.S. GENIUS Act. That is a well-known regulatory milestone which will amplify market adoption.
Ethena technical prognosis
From a technical perspective, ENA is exhibiting a solid upward pattern, for the time being shopping and selling terminate to $0.62 after checking out resistance phases. The mark is transferring in some unspecified time in the future of the upper band, which indicates that there’s peaceable bullish momentum.
With a relative energy index of 68.92, the market is in honest but on the verge of overbought stipulations. A probably slowdown in the rally would possibly maybe maybe well also honest happen if the RSI reaches 70 or above.
ENA’s mark is additionally above its exponential transferring averages at some stage in extra than one timeframes. The 10-day EMA is at $0.573 whereas the 50-day EMA is at $0.414, indicating that the rate is in an overall uptrend. This helps the bullish outlook.
A breakout above the $0.70–$0.75 range would counsel persisted energy and would possibly maybe maybe well drive the rate up to $0.80 or better. A tumble below $0.60, on the opposite hand, would possibly maybe maybe well set a correction, namely if it’s miles accompanied by a declining RSI. The most fundamental critical give a boost to level below $0.60 is the 50-day EMA, which is for the time being at $0.50.
