Ethena Price Prediction: ENA Jumps 4% As Arthur Hayes Deposits $10.6M Of $ENA To Binance And Bybit, While Traders Buy This ICO With 869% Staking APY

The
Ethena
price
jumped
4%
in
the
last
24
hours
to
trade
at
$1.0893
as
of
11:17
p.m.
EST
on
trading
volume
that
plunged
13%
to
$762
million.

This
comes
as
Arthur
Hayes,
former
BitMEx
CEO,
deposited
2
million
$ENA,
worth
$2.06
million
into
Bybit
at
an
average
price
of
$0.97. 

Over
the
past
2
days,
Hayes
has
unstaked
and
deposited
9M
$ENA
($10.6M)
to
Binance
and
Bybit
at
an
average
price
of
$1.173,
leaving
behind
7.94M
$ENA
($8.1M)
still
staked.

Arthur
Hayes
(@CryptoHayes)
has
deposited
2M

$ENA,
worth
$2.06M,
into

#Bybit
at
an
average
price
of
$0.97.

Previously,
he
unstaked
9.01M

$ENA
and
deposited
$7M

$ENA
into

#Binance.

Wallet:
0x6cd66dbdfe289ab83d7311b668ada83a12447e21

https://t.co/2lbsx6TGYH

pic.twitter.com/OHsqqllgn9

—
Onchain
Lens
(@OnchainLens)

December
22,
2024

Ethena
Price
Could
Still
Soar

The
Ethena
price
has
been
on
a
price
recovery
from
the
$0.22
support
in
September,
according
to
data
from


GeckoTerminal.
ENA
recovered
to
the
$1.03
resistance,
which
allowed
it
complete
a
rounding
bottom
pattern.

The


ENA
price

is
now
consolidating
above
the
resistance,
as
it
aims
for
another
leg
up.

Meanwhile,
the
Ethena
price
is
trading
above
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
showing
that
the
asset
could
still
soar
from
the
current
level.

The
Relative
Strength
Index
(RSI)
is
at
56.19,
suggesting
moderate
bullish
momentum
without
being
overbought.
This
indicates
room
for
further
price
appreciation
before
overbought
conditions
may
cause
a
correction.

If
the
Ethena
price
soars
above
the
current
consolidation,
the
bulls
may
push
ENA
to
the
next
possible
resistance
at
$1.6.

However,
if
the
bears
take
charge
of
the
asset,
the
price
of
Ethena
may
drop
to
the
next
possible
support
level
around
$0.78,
coinciding
with
the
200-day
SMA.

As
the
Ethena
price
jumps,
investors
are
also
snapping
up
the
new
Solana
meme
coin


Solaxy
(SOLX).

99Bitcoins,
a
popular
crypto
channel
on
YouTube
with
over
719K
subscribers,
says
it
might
soar
100x
after
launch.

Solaxy
Passes
$4.5
Million
In
Blockbuster
Presale

Solana
has
gained
favor
from
many
developers
due
to
its
promise
of
fast
transaction
speeds
and
low
transaction
fees.
However,
when
it
comes
to
scalability,
the
blockchain
is
severely
lacking. 

Enter,
Solaxy,
which
aims
to
provide
a
novel
layer
2
solution
for
Solana,
offering
a
transparent
ecosystem
that’s
more
efficient,
has
lower
transaction
speeds,
and
is
infinitely
more
scalable
than
the
rest.

????
Solaxy
is
now
live
in
Upcoming
Tokens!
????@SOLAXYTOKEN
gives
holders
an
opportunity
to
join
the
first-ever
Solana
Layer
2
blockchain.

Solaxy
is
set
to
enhance
blockchain
innovation
through
limiting
congestion,
reducing
failed
transactions,
and
improving
scalability
on
SOL.…

pic.twitter.com/satNF6zFNF

—
Best
Wallet
(@BestWalletHQ)

December
17,
2024

Investors
are
buying
the
narrative,
with
the
presale
racing
past
$4.5
million
in
early
funding.

Buyers
of
the
SOLX
token
can
also
earn
passively
on
the
platform,
with
a
humongous
869%
annual
staking
rewards.

Investors
interested
in
participating
in
the
presale
can
visit
the
official
Solaxy
website
to
buy
SOLX
tokens
at
the
current
price
of
$0.001576
each
using
BNB,
ETH,
USDT,
or
a
bank
card.

Buy
before
a
price
hike
in
slightly
more
than
a
day
to
secure
the
best
deal.

Visit
SOLX
here.

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