Ethena Price Corrects After 750 Million Airdrop, Analysts Project DTX As The Next Moonshot

Ethena (ENA) is emerging as a prominent leader in the crypto space despite its controversial history. On April 2, Ethena made a huge impact by debuting on significant exchanges after announcing a mind-blowing airdrop of 750 million ENA tokens. This led to an explosion in the price of tokens as investors flocked toward the project to grab the opportunity.

Ethena Labs, along with the announcement of the ENA token, extended its USDe stablecoin, improving the project’s operational framework. As the token price continues to be bullish, investors are looking at the brighter prospects of Ethena following its collaboration with Morpho Labs and the introduction of the Bitcoin-backed USDe token.

Ethena distributed 5% of the total token supply in 750 million airdrop

On April 2, Ethena Labs extended its invitation to holders of its $1.3 billion yield-earning USDe to claim their portion of the 750 million ENA tokens airdrop. This distribution accounted for 5% of the total supply of ENA tokens, conducted through Binance Launchpool and the EthenaFi official webpage.

A single wallet acquired a massive 3.3 million Ethena tokens, estimated to be worth around $1.96 million. Due to the massive profits after the airdrop and the announcement of another incentive program, “The Sats Campaign”, Ethena is surrounded by optimistic market sentiment.

ENA Corrects as Investors Take Profit

Ethena (ENA) is witnessing a correction since it got listed on major exchanges including Bybit and Binance. High whale activity is observed, notably wallets associated with Amber Group have accumulated 4.61 million ENA tokens, worth approximately $4.22 million from the time of its listing.

ENA token has secured a milestone after rising beyond $1B in market cap within two days. Trading above the $1 mark at press time, ENA is showing a remarkable surge of 58% from its baseline. Indicators show high profit-taking pressures within the ecosystem, suggesting a possible breakout to significant price points after the current selling cools down.

Leading analyst Arthur Hayes, the co-founder of BitMex has voiced his optimism about the trajectory of ENA. He predicts a rally to a mind-blowing $10 mark for ENA within days. Such optimism and market hype can fuel a bullish trajectory for ENA. Investors who feel like having missed the lower entry levels are flocking toward this emerging project for massive gains.

DTX Exchange set to moonshot after $100k raised

DTX Exchange (DTX) is making waves in the crypto sector with its hybrid TradFi platform, which provides traders with unparalleled growth opportunities. The platform’s commitment to revolutionizing crypto trading through its cutting-edge infrastructure and leverage features makes it an attractive proposition for investors to capitalize on investments.

As DTX positions itself to transform the DeFi space, traders see a unique opportunity to participate in a venture aimed at enhancing trading across various markets like forex, crypto, equities, and CFDs. Leveraging from liquidity pools, traders can access a swift trading environment, leveraging from trading efficiency and optimized asset-holding strategies.

After a remarkable private presale performance, the platform has raised over $100k within two days of the public presale. DTX in the stage 1 presale is valued at $0.02. Experts forecast a potential increase of 25x to $0.075 in the next stage of presale, marking this an ideal time to be part of DTX’s secure and KYC-free ecosystem.

Learn more:

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