{"id":9991,"date":"2025-09-06T15:05:04","date_gmt":"2025-09-06T15:05:04","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethena-price-nears-80-breakout-as-key-metrics-hit-ath\/"},"modified":"2025-09-06T15:05:09","modified_gmt":"2025-09-06T15:05:09","slug":"ethena-price-nears-80-breakout-as-key-metrics-hit-ath","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethena-price-nears-80-breakout-as-key-metrics-hit-ath\/","title":{"rendered":"Ethena price nears 80% breakout as key metrics hit ATH"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Ethena price rose to its highest point in over two weeks as its total value locked (TVL) and revenues jumped to a record high.<\/p>\n<div id=\"cn-block-summary-block_9db69002006f4750cad55e5c01270ac3\" 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 price could jump by 80% this year as its total value locked soars.<\/li>\n<li>It has jumped to over $12.8 billion, up from the year-to-date low of $5 billion.\u00a0<\/li>\n<li>StablecoinX is raising more money to accumulate more ENA tokens.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Ethena (ENA) token jumped to $0.7660, up by over 230% from its lowest point this year. This recovery pushed its market cap to over $5.8 billion and its fully diluted valuation to $11.1 billion.\u00a0<\/p>\n<p>Ethena price has jumped amid the ongoing ecosystem growth, with the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/ethena-usde\" target=\"_blank\" rel=\"nofollow\">total value locked<\/a> soaring to a record high of $12.85 billion, much higher than the year-to-date low of $5.5 billion. Its TVL has been on an upward trajectory since 2024, when it started the year at $79 million.\u00a0<\/p>\n<p>The TVL is driven by its USDe synthetic stablecoin that is held by almost 800k users and has an annual return of 7%, higher than the government bond yield of 4%.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>This growth has led to more fees and revenue in the network. Its fees in the third quarter so far is $109 million, higher than the $27 million it made in the same quarter last year. Its revenue so far is $7.65 million, up from $1.15 million in Q2.<\/p>\n<p>ENA price has also jumped amid the ongoing accumulation by StablecoinX, which is raising $530 million. It has already raised $895 million in financing, which will see it add over 3 billion tokens to its balance sheet.\u00a0<\/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\">StablecoinX\u202fInc. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/stablecoin_x?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@stablecoin_x<\/a> has announced an additional $530 million capital raise as part of its <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$ENA<\/a> accumulation strategy.<\/p>\n<p>To date, StablecoinX has raised a total of approximately $895M in PIPE financing, which is expected to result in a vehicle with over 3 billion ENA\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/pdkl1D8u5x\">pic.twitter.com\/pdkl1D8u5x<\/a><\/p>\n<p>\u2014 Ethena Labs (@ethena_labs) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ethena_labs\/status\/1964063567772340432?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 5, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>These acquisitions will boost ENA\u2019s demand at a time when whales have continued to accumulate it. They now hold 57 million ENA tokens, up by over 32% in the last 30 days.<\/p>\n<h2 class=\"wp-block-heading\">Ethena price technical analysis\u00a0<\/h2>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">ENA price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe shows that the ENA price has strong technicals that may push it much higher in the coming weeks. It has formed a double bottom pattern at $0.2490 and a neckline at $0.4570.\u00a0<\/p>\n<p>The coin formed a golden cross pattern in July as the 50-day and 100-day moving averages crossed each other. Most recently, it has formed a bullish flag pattern and has moved above the upper side of its channel.<\/p>\n<p>Therefore, the token will likely have a strong bullish breakout, with the initial target being at $0.8595, the upper side of the flag. A move above that price will push it to the resistance point at $1.3255, its highest point in November last year, which is about 80% above the current level.\u00a0<\/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 price rose to its highest point in over two weeks as its total value locked (TVL) and revenues jumped to a record high. Summary Ethena price could jump by&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9991","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\/9991","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=9991"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9991\/revisions"}],"predecessor-version":[{"id":9992,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9991\/revisions\/9992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5217"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}