Ethena ENA On-Chain Activity Hits Multi-Month High as Price Holds Near $0.09
22 Jun 2026 · 05:15 UTC · Live Bitcoin News RSS Feed · Original source
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Summary
Ethena ENA active addresses hit 5,057, highest since November 2025, as ENA trades near $0.09 after a 92% pullback. Ethena’s ENA token is seeing renewed market focus after a sharp rise in on-chain activity.
Why it matters
The rise in active addresses suggests increased user engagement and interest in the ENA token, which could support its price near $0.09. While this is positive for ENA, the impact on Bitcoin is likely to be muted since it does not directly correlate with Bitcoin's price movements. The predictions reflect a cautious optimism for ENA, with higher probabilities of impact on altcoins compared to Bitcoin. The lower credibility score indicates some uncertainty in the information's reliability, which could affect traders' sentiment.
Expected impact
Ethena's ENA token has experienced a significant uptick in on-chain activity, with active addresses reaching a multi-month high. This could indicate growing interest in the token, potentially leading to price stabilization or upward momentum. However, the overall market impact on Bitcoin may be limited, as the news is more relevant to the altcoin sector.