{"id":6331,"date":"2025-07-31T04:45:20","date_gmt":"2025-07-31T04:45:20","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethenas-tvl-tops-8b-after-50-monthly-gain-can-ena-sustain-uptrend-above-0-60\/"},"modified":"2025-07-31T04:45:24","modified_gmt":"2025-07-31T04:45:24","slug":"ethenas-tvl-tops-8b-after-50-monthly-gain-can-ena-sustain-uptrend-above-0-60","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethenas-tvl-tops-8b-after-50-monthly-gain-can-ena-sustain-uptrend-above-0-60\/","title":{"rendered":"Ethena\u2019s TVL tops $8B after 50% monthly gain \u2014 can ENA sustain uptrend above $0.60?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethena\u2019s total value locked has surged by an impressive 50% in the past month, with ENA posting significant price gains.<\/p>\n<div id=\"cn-block-summary-block_2e4eed50bfb658ec11a9a3bbded63c4c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Ethena\u2019s TVL rose 50% in July, reaching $8.44B, with strong USD inflows.<\/li>\n<li>ENA price surged 134% in a month, boosted by whale activity and key developments.<\/li>\n<li>Technical indicators show a bullish uptrend, with support at $0.60 and resistance at $0.70\u2013$0.75.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to DeFiLlama <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/ethena?groupBy=monthly&amp;usdInflows=true\" target=\"_blank\">data<\/a>, Ethena\u2019s (ENA) TVL was $8.44 billion at the end of July. Compared to $5.46 billion at the start of the month, this represents a significant increase, suggesting that the platform is growing and gaining traction. <\/p>\n<p>The platform\u2019s fees have increased alongside the increase in TVL, rising from $19.96 million in June to $36.05 million in July. USD inflows have seen an even more significant surge, jumping from $47 million in June to $2.96 billion in July, reflecting a solid influx of capital into the platform.<\/p>\n<h2 class=\"wp-block-heading\">Whale activity and rising ENA metrics<\/h2>\n<p>Whales have been especially active, according to a July 31 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/ali_charts\/status\/1950619402279260233?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\">post<\/a> on X by analyst Ali Martinez. Over the past week, 79.25 million ENA tokens have been accumulated. In line with this spike in whale activity, ENA\u2019s volume increased significantly, from $6 billion in June to $27 billion in July.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Whales have accumulated 79.25 million Ethena <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$ENA<\/a> in the past week! <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/bD8NAthAwu\" target=\"_blank\">pic.twitter.com\/bD8NAthAwu<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1950619402279260233?ref_src=twsrc%5Etfw\" target=\"_blank\">July 30, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>This whale involvement shows a strong confidence in Ethena\u2019s prospects. ENA\u2019s price is up 6% in the last day, 31% in the last week, and an incredible 134% in the last month,<\/p>\n<h2 class=\"wp-block-heading\">Ethena\u2019s July updates spur growth<\/h2>\n<p>Ethena\u2019s increasing momentum can be attributed to several key developments. On July 11, ENA was listed on Upbit, the largest cryptocurrency exchange in South Korea, significantly increasing its exposure and liquidity. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Then, on July 21, StablecoinX raised $360 million to purchase ENA tokens, with $260 million dedicated to a buyback program. The token\u2019s value is expected to rise further as a result of the demand shock caused by this buyback program.<\/p>\n<p>Additionally, on July 24, Ethena and Anchorage Digital partnered to make USDtb, their synthetic dollar, one of the first stablecoins to comply with the U.S. GENIUS Act. This is a significant regulatory milestone that may increase market adoption.<\/p>\n<h2 class=\"wp-block-heading\">Ethena technical analysis<\/h2>\n<p>From a technical perspective, ENA is showing a strong upward trend, currently trading near $0.62 after testing resistance levels. The price is moving in the direction of the upper band, which indicates that there is still bullish momentum. <\/p>\n<p>With a relative strength index of 68.92, the market is in neutral but on the verge of overbought conditions. A possible slowdown in the rally may occur if the RSI reaches 70 or above.<\/p>\n<figure class=\"wp-block-image size-large\"><picture decoding=\"async\" class=\"wp-image-14401464\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Ethena daily chart. Credit: crypto.news<\/figcaption><\/figure>\n<p>ENA\u2019s price is also above its exponential moving averages across multiple timeframes. The 10-day EMA is at $0.573 while the 50-day EMA is at $0.414, indicating that the price is in an overall uptrend. This supports the bullish outlook.<\/p>\n<p>A breakout above the $0.70\u2013$0.75 range would suggest continued strength and could drive the price up to $0.80 or higher. A drop below $0.60, however, could signal a correction, particularly if it is accompanied by a declining RSI. The first important support level below $0.60 is the 50-day EMA, which is currently at $0.50.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethena\u2019s total value locked has surged by an impressive 50% in the past month, with ENA posting significant price gains. Summary Ethena\u2019s TVL rose 50% in July, reaching $8.44B, with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6331"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6331\/revisions"}],"predecessor-version":[{"id":6332,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6331\/revisions\/6332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1672"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}