Ethena (ENA) Surges 25% After New Pendle Finance Integration Goes Live

• The price of Ethena’s ENA token has surged over 25% in the last 72 hours
• The rally was sparked by the integration of its USDe stablecoin with Pendle Finance
• An analyst has spotted a “bull flag” on the chart, with a potential price target of $1.50

ENA, the native token of the synthetic dollar protocol Ethena, has surged over 25% after its stablecoin, USDe, was integrated with Pendle Finance’s yield-boosting looping mechanism. The move appears to have strong backing from large holders, or “whales,” who are capitalizing on the new, higher yields.

Sound familiar? This isn’t the first time a major integration has sent ENA flying. Here’s our past report on what happened when Aave added support for USDe.

Ethena-Pendle collaboration and a 25% ENA rally

Ethena went live on HyperEVM last Thursday, receiving immediate support from the Ethena ecosystem. The innovation’s adoption is having a positiv…

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