• On-chain metrics revealed that exchanges have witnessed an outflow of $6.68 million worth of ENA. 
• Ethena could surge by 40% to reach its next resistance level of $1.5 if holds itself above the $1.05 level.

Ethena [ENA]  has been making waves during the ongoing bull run, gaining significant attention from crypto enthusiasts.

On the 18th of December 2024, a blockchain-based transaction tracker, Spotonchain made a post on X (previously Twitter) that a newly created wallet has acquired a significant 5.29 million ENA tokens worth $5.92 million.

However, this substantial amount of ENA was acquired at an average price of $1.12 from Binance.

Currently, the overall market sentiment appears mixed, with assets like Bitcoin [BTC] and