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CoinOtag 2025-12-23 14:16:36

Ethena’s ENA May Test $0.1315 Support as Buyers Absorb Sell Pressure

Ethena's ENA token faces downward pressure after a major holder deposited 16.86 million tokens into Coinbase Prime, booking a $15 million loss at around 81% below cost basis. Despite this sell-side influx, price holds near $0.14-$0.15 with controlled candles, indicating market absorption rather than panic selling. Major deposit introduces sell pressure: A holder realized significant [...]

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