In the last 24 hours, ENA experienced a notable price increase of 17%. This surge is largely attributed to futures traders, even as whales and spot traders engaged in significant selling.
The market continues to reflect bullish sentiment despite recent sell-offs, with derivative traders actively driving the price. Open interest in futures contracts saw a rise of 12.86%, indicating increased trading activity.
Fundamental drivers, particularly the performance of ENA’s synthetic dollar, sUSDe, further support its growth. This has bolstered trader confidence, contributing to a sustained bullish trend.
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