Ethena Whales Stake 40M ENA As Price Eyes $0.098

Whales have locked up forty million ENA tokens recently. This massive staking wave takes a large amount of supply off the open market. When liquid supply drops like this, it usually creates a tighter market where price moves can happen faster.

Even with the supply squeeze, the token still needs solid buyer demand to break higher. Traders are watching the zero point zero nine dollar level closely. If buyers step in with enough volume, a push toward zero point zero nine eight dollars looks possible.

Keep an eye on exchange inflows and broader market momentum over the next few days. If the wider market turns green, these staked tokens could help fuel a fast rally. If sellers take control, the price might test lower support levels first.