{"id":17670,"date":"2024-04-09T21:15:14","date_gmt":"2024-04-09T21:15:14","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=17670"},"modified":"2024-04-09T20:57:57","modified_gmt":"2024-04-09T20:57:57","slug":"altcoin-price-continues-four-fold-surge-fueled-by-whale-support","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/altcoin-price-continues-four-fold-surge-fueled-by-whale-support\/","title":{"rendered":"Altcoin Price Continues Four-Fold Surge Fueled by Whale Support"},"content":{"rendered":"

ENA, the native token of blockchain development company Ethena Labs, has continued its upward trajectory, fueled by large-scale transactions from cryptocurrency whales.<\/p>\n

According to data from blockchain analytics platform Spot On Chain, two whales withdrew a total of approximately 8.6 million ENA from Binance this morning at an average price of $1.377 per token.<\/p>\n

The whales then proceeded to stake these tokens, locking them up in a smart contract to earn rewards. In the past 24 hours, whales have withdrawn a total of over 17 million ENA from Binance<\/a> for staking purposes.<\/p>\n

Ethena Labs recently announced a 50% increase in rewards for certain users who stake their tokens as part of the launch of “Season 2.” According to TradingView data, ENA has gained over 330% in value over the past week.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

ENA, the native token of blockchain development company Ethena Labs, has continued its upward trajectory, fueled by large-scale transactions from cryptocurrency whales. According to data from blockchain analytics platform Spot On Chain, two whales withdrew a total of approximately 8.6 million ENA from Binance this morning at an average price of $1.377 per token. The<\/p>\n","protected":false},"author":1,"featured_media":11592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[236,22,192,5164,4390],"class_list":["post-17670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-altcoin","tag-binance","tag-blockchain","tag-ena","tag-ethena-labs"],"yoast_head":"\nAltcoin Price Continues Four-Fold Surge Fueled by Whale Support - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Ethena Labs news... 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