Whales accumulate while retailers sell; ENA faces bearish momentum, risking $0.17 support breach toward $0.13.
Why Ethena risks $0.13 drop despite 118M ENA whale buys
AI IMPORTANCE: 4/10
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AI INSIGHT
On Jan. 24, 2026, on-chain data shows a single whale bought 118 million Ethena (ENA) tokens and consolidated them into one wallet; retail addresses reduced ENA holdings over the same period; ENA traded around $0.17 as of 12:00 UTC.
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