Ethena: Could the accumulation of 4.47 million ENA signal a recovery?

OKX Ventures acquired 4.47 million ENA for about 453,000 USD. This transaction bolsters their total holdings to 10.84 million ENA, reflecting strong buyer demand in the market.

ENA’s price is stabilizing within a range of $0.093 and $0.133. Although there’s active demand, the asset still faces challenges breaking past the $0.255 resistance.

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