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Why is Ethena Price Up Over 8% Today Despite $1.2B Crypto Crash?
Oct 18, 2025
< 1 min read
by Coin Edition
for CoinEdition
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- On-chain data analysis shows ENA whales have been accumulating aggressively in the recent past.
- Ethena’s recent strategic partnerships and stability of USDe amid market turmoil have influenced the ENA price.
- Technical analysis shows ENA price is in the early stages of its macro bull market.
As the crypto market recorded heavy liquidation of long traders, amounting to nearly $1 billion, Ethena (ENA) rewarded its buyers. The utility-based mid-cap altcoin gained as much as 18%, during the past 24 hours, to reach a range high of about 45 cents on Saturday, October 18, during the early European session.
Why is Ethena Price Up Over 10% Today Amid Crypto Selloff?
USDe Resilience Amid Crypto Crash
The ENA price rebound amid the notable crypto crash was heavily influenced by the stability of Ethena USDe (USDe). During last week’s historic crypto crash, which wiped…
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