- Ethena’s ENA surges over 100% amid whale accumulation and buyback.
- BlackRock and Anchorage involved in stablecoin projects.
- ENA’s market cap rises significantly due to demand.
Ethena (ENA) experienced a surge over 100% in August 2025, driven by significant whale accumulation and a $260 million buyback program, making it a pronounced player in the DeFi space.
The surge, fueled by major institutional backing and market traction, highlights Ethena’s growing influence, attracting investor attention.
In a significant development for the cryptocurrency market, Ethena’s ENA experienced a price surge of over 100% in early August 2025. This upward trajectory is attributed to substantial whale accumulation along with a massive $260 million buyback initiative. Institutional backing from major players like BlackRock and Anchorage further strengthens ENA’s position in the market.
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With the buyback program in place, nearly 8% of ENA’s circulating supply is being absorbed to stabilize the price and increase market confidence. BlackRock and Anchorage’s involvement provides crucial institutional support, boosting Ethena’s stablecoin credibility.
Significant whale wallet accumulation of ENA has spiked the market cap and enhanced liquidity, with the price moving past $0.65 and targeting $0.73. Alongside these developments, the market cap has hit $4.8 billion, with trading volume approaching $1.5 billion.
The Total Value Locked (TVL) growth of Ethena as reported by DeFiLlama, reaching over $9.6 billion, signifies increased interest from investors.
“Whales just bought over 1 billion ENA… What do they know that we don’t?” — Ali Martinez, Market Analyst
The surge in ENA reflects similar upward trends following buyback initiatives before. With extensive whale wallet accumulation and institutional engagement, there’s potential for further price threshold breakthroughs if trends persist.
