$ENA has entered the Accumulation Zone according to Smart Dex Traders, signaling a strong buy trend.

Over the past seven days, these savvy traders have acquired 1.34 million $ENA tokens, worth around $506,100, at an average price of $0.32. As of now, the price of $ENA has surged to $0.40, reflecting a solid return for those who got in early.

Notably, a large holder, associated with address 0xe87…AFe04, recently withdrew 6.22 million $ENA from Binance—worth $2.62 million—before depositing it into Ethena for staking. This significant move highlights the confidence of large investors in $ENA’s long-term potential.

$ENA’s Price Records Over 55% In Just One Week 

In just one week, $ENA’s price has risen by an impressive 55%, making it a standout performer in the market. The token has frequently appeared on the list of top price gainers, catching the attention of both retail and institutional traders.

Several factors have contributed to this meteoric rise, including a favorable market environment and the fact that selling pressure from the second phase of airdrops has nearly been absorbed.

Additionally, airdrops for the top 2,000 large holders have yet to be unlocked, which has helped sustain the upward price momentum.

With strong accumulation by Smart Dex Traders and continued investor confidence, $ENA is positioning itself as one of the most promising tokens in the market. If current trends hold, this momentum could carry $ENA to even greater heights in the near future.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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