Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»Ethena price hits record high. Here’s why ENA is soaring:
TRADING NEWS

Ethena price hits record high. Here’s why ENA is soaring:

By Crypto FlexsApril 11, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethena price hits record high.  Here’s why ENA is soaring:
Share
Facebook Twitter LinkedIn Pinterest Email
  • Ethena (ENA) price surged more than 18% in 24 hours, reaching a high of $1.49, while most altcoins were struggling.
  • Optimistic sentiments about new staking rewards for ENA holders could push ENA price higher.

Ethena (ENA) traded at a record high of $1.49 on Wednesday, an all-time high that sees the recently launched cryptocurrency project rise to the top 50 cryptocurrencies by market capitalization.

Ethena ranks 58th, according to data from CoinGecko.Day It is the largest with a market capitalization of $2.07 billion. At the time of this writing, the token was worth around $1.45, up 18% in the last 24 hours and almost 30% in the past week.

Why is Ethena price soaring today?

ENA’s gains today come as Bitcoin hovers near a key level after its recent decline. Top altcoins also fell as cryptocurrency markets mirrored stocks, with major US indices falling due to a hit in CPI data and US President Joe Biden’s interest rate cut comments.

While BTC, ETH, and other tokens suffered, ENA price benefited from a surge in staking. Ethena (ENA) is the native token of Ethena Labs, Ethereum’s synthetic dollar protocol. USDe is a stablecoin with a yield.

The announcement of increased rewards for stakers earlier this week appears to have spurred activity, including on the Ethena whale. On Wednesdays, Ethena Labs presentation Integrates with top exchange wallets including Binance Web3, Bybit, OKX Wallet, and Bitget Wallet.

These exchange Web3 wallets allow users who lock their USDe for at least 7 days to receive a 20% boost to their rewards.

On Monday, the protocol launched its “Season 2” staking rewards, in which rewards can be increased by 50% if users lock up more than 50% of their tokens.

I’ll introduce you today $ this Season 2 to more closely align with USDe’s growth $ this

locking user $ this You will receive at least 50% of your total USDe holdings per wallet.

i) 50% increase in rewards
ii) Maximum number of daily rewards among all pools pic.twitter.com/zxVmpGZSN6

— Athena Labs (@ethena_labs) April 8, 2024

According to Onchain Data shared by LookonchainSince the announcement of Season 2 rewards, several whales have withdrawn and staked millions of ENA from exchanges.

Ethena recently released 750 million ENA airdrops for the community.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What is the expectation of the future?

September 21, 2025

PayPal USD is officially living in Stellar -How does XLM respond?

September 20, 2025

Bitcoin leads a fragile password rally and market brace for the final game in September

September 19, 2025
Add A Comment

Comments are closed.

Recent Posts

Ethereum Based Meme Coin Pepeto Presale Past $6.7 Million As Exchange Demo Launches

September 21, 2025

What is the expectation of the future?

September 21, 2025

Unlock Massive Rewards And Win Big

September 20, 2025

PayPal USD is officially living in Stellar -How does XLM respond?

September 20, 2025

The FTX distributes bankruptcy $ 1.6 billion this month.

September 20, 2025

The new gold protocol of the BNB chain is due to the $ 2 million launch day nucleus.

September 20, 2025

Crypto.com integrates the SEI network to strengthen security and institution access.

September 19, 2025

Phemex Introduces On-chain Earn To Streamline Staking And Improve Capital Efficiency

September 19, 2025

“Farewell To Westphalia” Explores Blockchain As A Model For Post-Nation-State Governance

September 19, 2025

Exclusive Aster DEX Launch Drives $371 Million Trading Volume And Nearly 330,000 New Users

September 19, 2025

Bitcoin leads a fragile password rally and market brace for the final game in September

September 19, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ethereum Based Meme Coin Pepeto Presale Past $6.7 Million As Exchange Demo Launches

September 21, 2025

What is the expectation of the future?

September 21, 2025

Unlock Massive Rewards And Win Big

September 20, 2025
Most Popular

Exclusive Investment Round Details Revealed

January 17, 2024

Ethereum-Das of the future of Joe Lubin, co-founder of Ether Leeum

March 21, 2025

Approval of an Ethereum spot ETF will “reignite the spirit of the animal” in cryptocurrencies, an analyst said.

May 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.