Whales Throw Big Bets on Ethena, TVL Near $10B – Is ENA Shooting for the Moon?

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Ah, the whales are at it again-swimming deep and throwing colossal bets on Ethena, as the TVL sneers at the $10 billion mark. Looks like the crypto ocean is getting pretty crowded, and our finned friends seem eager to make waves-perhaps bigger than their wallets. 😏

Despite a modest dip to around $0.575 (guess nobody told the bulls that silence is golden), July’s rebound and the ecosystem’s stubborn might have set the stage for a glorious upswing. The whole scene has a whiff of “hey, we’re still alive,” mixed with the aroma of potential profits.

In the last month alone, ENA skyrocketed over 120%. That’s right, it erased most of its sins from the start of the year-kind of like trying to forget that awful tattoo. Amplifying the bullish fervor: wallets stuffed with 10 million to 1 billion ENA have added – wait for it – 1 billion tokens! Because what’s better than stacking chips? Stacking *billion* chips. Now they hold over 6.3 billion ENA-clearly some of the big fish are not just swimming; they’re swimming with ambition.

This whale-powered frenzy matches a spike in futures open interest hitting nearly $1 billion. A number so big it almost makes you wonder if they’re hedging for a Martian invasion. Elevated open interest screams “hey, someone’s really betting on a fireworks show soon”-and nobody likes FOMO, particularly when it’s on a cosmic scale.

Meanwhile, Ethena’s footprint in DeFi is growing faster than rabbits-according to DeFiLlama, TVL has sprinted from under $6 billion to nearly $10 billion. Someone’s getting serious about utility, or maybe just very good at convincing investors that this is the safety dance of the crypto world.

And don’t forget USDe-the yield-heavy stablecoin stealing the spotlight. It’s riding high, especially after the US’s GENIUS Act gave it a shiny legal thumbs-up. Looks like stablecoins are finally getting their day in the sun-no more shady alleyways, just bright, profitable boulevards.

Short-term, ENA’s fate depends on market mood swings. But beneath all this chaos, the fundamentals and institutional players are quietly laying groundwork for something big. Or maybe just waiting for the right moment to shout, “Surprise! Did you miss us?”

The info here is just for fun-don’t bet your house or your pet on it. Coindoo doesn’t promise moon shots, just moonlit dreams. Do your homework, consult your lucky charm, or maybe a licensed financial wizard-whatever makes your crypto heart happy.

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2025-08-06 04:47