ENA Token Price Hits Critical Level Amid Whale-Sized Selling Pressure

The price of Ethena's ENA token has reached a critical level due to an influx of tokens onto exchanges. Analyst Ali reports that over 300 million ENA tokens have been uploaded in the past month, sparking concerns about potential selling pressure.

This whale wallet is estimated to have sold 64 million ENA within the last week. This could definitely influence market sentiment. Whale Selling Adds Pressure on ENA Market The latest whale transactions are causing concerns due to their occurrence after several weeks of consistent flows of the cryptocurrency into the Ethena environment.