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The Ethena value jumped 4% within the final 24 hours to commerce at $1.0893 as of 11:17 p.m. EST on buying and selling quantity that plunged 13% to $762 million.
This comes as Arthur Hayes, former BitMEx CEO, deposited 2 million $ENA, price $2.06 million into Bybit at a median value of $0.97.
Over the previous 2 days, Hayes has unstaked and deposited 9M $ENA ($10.6M) to Binance and Bybit at a median value of $1.173, abandoning 7.94M $ENA ($8.1M) nonetheless staked.
Arthur Hayes (@CryptoHayes) has deposited 2M $ENA, price $2.06M, into #Bybit at a median value of $0.97.
Beforehand, he unstaked 9.01M $ENA and deposited $7M $ENA into #Binance.
Pockets: 0x6cd66dbdfe289ab83d7311b668ada83a12447e21 https://t.co/2lbsx6TGYH pic.twitter.com/OHsqqllgn9
— Onchain Lens (@OnchainLens) December 22, 2024
Ethena Value May Nonetheless Soar
The Ethena value has been on a value restoration from the $0.22 help in September, in keeping with information from GeckoTerminal. ENA recovered to the $1.03 resistance, which allowed it full a rounding backside sample.
The ENA value is now consolidating above the resistance, because it goals for an additional leg up.
In the meantime, the Ethena value is buying and selling above each the 50-day and 200-day Easy Transferring Averages (SMAs), exhibiting that the asset might nonetheless soar from the present stage.
The Relative Power Index (RSI) is at 56.19, suggesting reasonable bullish momentum with out being overbought. This means room for additional value appreciation earlier than overbought circumstances could trigger a correction.
If the Ethena value soars above the present consolidation, the bulls could push ENA to the subsequent potential resistance at $1.6.
Nevertheless, if the bears take cost of the asset, the value of Ethena could drop to the subsequent potential help stage round $0.78, coinciding with the 200-day SMA.
Because the Ethena value jumps, buyers are additionally snapping up the brand new Solana meme coin Solaxy (SOLX). 99Bitcoins, a preferred crypto channel on YouTube with over 719K subscribers, says it’d soar 100x after launch.
Solaxy Passes $4.5 Million In Blockbuster Presale
Solana has gained favor from many builders attributable to its promise of quick transaction speeds and low transaction charges. Nevertheless, in relation to scalability, the blockchain is severely missing.
Enter, Solaxy, which goals to supply a novel layer 2 answer for Solana, providing a clear ecosystem that’s extra environment friendly, has decrease transaction speeds, and is infinitely extra scalable than the remaining.
🚨 Solaxy is now stay in Upcoming Tokens! 🚨@SOLAXYTOKEN provides holders a chance to affix the first-ever Solana Layer 2 blockchain.
Solaxy is ready to reinforce blockchain innovation by way of limiting congestion, decreasing failed transactions, and enhancing scalability on SOL.… pic.twitter.com/satNF6zFNF
— Greatest Pockets (@BestWalletHQ) December 17, 2024
Buyers are shopping for the narrative, with the presale racing previous $4.5 million in early funding.
Consumers of the SOLX token may earn passively on the platform, with a humongous 869% annual staking rewards.
Buyers enthusiastic about taking part within the presale can go to the official Solaxy web site to purchase SOLX tokens on the present value of $0.001576 every utilizing BNB, ETH, USDT, or a financial institution card.
Purchase earlier than a value hike in barely greater than a day to safe the perfect deal.
Go to SOLX right here.
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