Ethena Surges To New All-Time Highs Amidst Strong Investor Interest

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Ethena, a crypto-native solution built on the Ethereum blockchain, continues to impress as it achieves new all-time highs, reaching $1.497 with a remarkable 15% gain today alone. In a flurry of recent activity, two Wintermute addresses received a substantial amount of ENA tokens from the Ethena project, totaling 8.43 million ENA, valued at $10.3 million. Wintermute, holding 21.82 million ENA and 10 million USDe tokens, stands out as the largest on-chain token holder among the three major ENA market makers. A whale withdrew 6 million $ENA (~ $8.58 million) from Binance and staked all of them just 1 hour ago.

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