Is There Much more Momentum in Retail store for Ethena (ENA) Rate Subsequent 53% Surge Write-up Airdrop?

Wow, what an fascinating time for ENA, the native cryptocurrency of Ethena! Just within just two several hours of a prosperous airdrop, ENA surged by an amazing 53%. At the moment, the Ethena (ENA) price is at $.8846, with a industry cap exceeding $.126 billion on its debut.

Thrilling Achievement of Ethena (ENA) Airdrop

The highly anticipated Ethena Labs airdrop started on April 2, distributing $450 million truly worth of ENA tokens to qualified wallets. Ethena Labs shared the wonderful news that the overall airdrop allocation was fully dispersed by 7:17 am UTC on the same day.

In accordance to information from Arkham Intelligence, the major recipient of the Ethena Labs airdrop obtained an remarkable sum of approximately $2 million in ENA tokens. Wallet 0xb56 emerged as the recipient of 3.3 million ENA tokens, equal to $1.96 million.

As reported by Dune Analytics, there are at present 22,200 claimers of the airdropped ENA tokens. The total claimed ENA is 236,886,283, which accounts for 32% of the overall $750 million ENA allotted for the airdrop.

Ethena features as a artificial dollar protocol on the Ethereum blockchain, giving a cryptocurrency-dependent substitute to conventional banking services. It features the USDe artificial dollar and the ‘Internet Bond’ discounts instrument in its ecosystem. USDe prides by itself on stability, censorship resistance, and being backed by Ethereum collateral.

With an extraordinary yield of 35.4%, Ethena’s USDe has attracted about 123,000 users to lock in a whole benefit of $1.6 billion, in accordance to Ethena Labs’ homepage. In the final thirty day period, the marketplace capitalization of USDe has amplified by 135% to achieve $1.58 billion, making it the fifth-greatest stablecoin.

Prospective 10x Rally for ENA

Adhering to the start of the airdrop declare web site, the Ethena token rapidly grew to become tradable on key centralized exchanges like Binance, Bybit, KuCoin, HTX, MEXC, and BitMart.

A major enhancement transpired on March 29 when the Binance Launchpool launched Ethena Labs’s ENA token as the 50th project on the system. Considering that then, Ethena has captured the focus of major business figures. These days, BitMEX CEO Arthur Hayes expressed his belief in the probable for Etherena price to soar to $10.

Hayes highlighted that ENA has by now started rallying, even with no involvement from Korean traders. With this observation, he predicted a substantial surge in the Ethena cost when Korean investors enter the investing scene.

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