Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Whales Accumulate $ENA As Ethena Reaches Record High TVL

Whale activity surrounding $ENA has surged in recent days, signaling strong confidence in Ethena’s growing ecosystem. Over the past three days, a newly established wallet has withdrawn 13.65 million $ENA (worth $13.42 million) from Binance, highlighting significant accumulation during the recent market dip. Whales are accumulating $ENA . Over the past 3 days, this newly created wallet has withdrawn 13.65M $ENA ($13.42M) from #Binance . https://t.co/yVzvPAUlYG pic.twitter.com/warF4CflA8 — Lookonchain (@lookonchain) December 20, 2024 In total, whales have purchased over 36.55 million $ENA amid the price correction, demonstrating their belief in the token’s long-term potential. This buying spree reflects increasing interest in Ethena as it solidifies its position as a key player in the DeFi space. During the recent price dip, whales bought over 36.55 million #Ethena $ENA ! pic.twitter.com/U410ClRCbW — Ali (@ali_charts) December 18, 2024 Data from DeFiLlama reveals that as of December 17, Ethena’s Total Value Locked (TVL) surpassed an impressive $6 billion, setting a new record high. A significant portion of this comes from the supply of USDe, which reached 5.933 billion, alongside USDtb supply amounting to 70.42 million. 据 DeFilama 平台数据显示，截止 12 月 17 日，Ethena TVL 突破 60 亿美元，创历史新高。其中 USDe 供应量达 59.33 亿枚，USDtb 供应量达 7042 万枚。 pic.twitter.com/djHY1oZPBA — BlockBeats｜We`re hiring! (@BlockBeatsAsia) December 17, 2024 These milestones underscore the growing adoption of Ethena’s ecosystem, particularly its innovative stablecoin solutions. The platform’s ability to attract substantial liquidity and whale interest highlights its strong market positioning and trust within the DeFi community. Ethena’s recent success can be attributed to its robust protocol design and the increasing demand for stablecoin and yield-generating opportunities. With whales actively accumulating $ENA and TVL climbing to new heights, the project is well-positioned for continued growth and influence in the decentralized finance sector. As investor confidence grows, all eyes remain on Ethena’s next developments, as it continues to push boundaries and drive innovation in the crypto space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: loft39studio/ 123RF // Image Effects by Colorcinch CoinOtag

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World Liberty Financial (WLFI) Makes Strategic Token Investments Following Ethena Partnership

World Liberty Financial (WLFI), a DeFi initiative reportedly backed by the Trump family, recently acquired 250,000 USDC worth of ENA tokens, just hours after announcing a partnership with Ethena. Alongside this purchase, WLFI also converted 102.9 cbBTC into WBTC, a move potentially influenced by its partnership with Tron. Tron, which previously invested $30 million into WLFI to secure 2 billion $WLFI tokens, also appointed Sun Ge as a consultant for the project. Since November 30, WLFI’s multi-signature wallet has spent a total of $44.99 million USDC to acquire six different tokens: – ETH: Acquired 8,105 ETH for $30 million USDC at an average price of $3,701. – WBTC: Purchased 103.1 WBTC with $10 million USDC at an average price of $97,182. – LINK: Bought 78,387 LINK tokens for $2 million USDC, averaging $25.5 per token. – AAVE: Secured 6,137 AAVE tokens with $1.99 million USDC at an average price of $324. – ENA: Spent $750,000 USDC to obtain 741,687 ENA tokens, averaging $1.01 per token. – ONDO: Used $250,000 USDC to purchase 134,216 ONDO tokens at an average price of $1.86. 由特朗普家族支持的 DeFi 项目 World Liberty Financial (WLFI) 在 4 小时前继续购买了 25 万 USDC 的 ENA，就在他们与 Ethena 达成合作之后。 另外，他们还将持有的 102.9 枚 cbBTC 兑换为 WBTC。 这个可能是受到合作伙伴 Tron 的影响：此前 Tron 向 WLFI 投资了 3000 万美元获得 20 亿枚… https://t.co/YuhgSB58km pic.twitter.com/zNngFEFsrr — 余烬 (@EmberCN) December 19, 2024 These calculated investments demonstrate WLFI’s active involvement in diversifying its portfolio and strategically positioning itself within the DeFi ecosystem. The partnership with Ethena, alongside its existing ties to Tron, appears to be driving these bold financial moves as WLFI continues to expand its influence in the blockchain space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: peshkov / 123RF // Image Effects by Colorcinch CoinOtag