ENA Price Slips 10% Amid Ethena Whales’ Massive Dump, What’s Next?

The synthetic dollar protocol Ethena set off waves of concerns among crypto market participants recently, witnessing a waning action amid massive whale selloffs. On-chain data on Thursday revealed that whales heavily offloaded millions of tokens, raising investor apprehensiveness amid a 10% crash in ENA price. As a result, crypto enthusiasts are now extensively eyeing the coin for future price action shifts in the wake of the market’s latest volatility.