Ethena (ENA)

Does ethereum:0x57e114b691db790c35207b2e685d4a43181e6061's surge mean alt season is coming? 🤔

While ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 price is still down 94% from its peak, Ethena’s on-chain usage is exploding:

→ 5,057 active addresses (highest in 7+ months)
→ 2,968 new wallets created on June 18
→ USDe stablecoin at $4.4 Billion supply

And ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 just surged +14% this week on the momentum 👀

Ethena $ENA on-chain activity skyrockets!

Daily active addresses just reached 5,057, registering the highest network utilization since November 2025. This massive user engagement spike represents a multi-month high for the protocol.

This network expansion arrives as ENA trades near $0.09. The asset has weathered an extensive 92% valuation pullback since its late 2025 peaks, successfully clearing out short-term speculative premium.

A simultaneous surge in network growth and new wallet creation right at these deep-value coordinates represents a divergence. Rather than a sign of trend weakness, this explosive on-chain adoption suggests smart money is actively stepping in, providing the necessary liquidity to potentially form a macro bottom.

📊 #ENA Current View

🔻 Downtrend continues.

📈 $ENA descending wedge pattern is approaching its final stages. If the pattern breaks upwards, a strong recovery and rise could be seen.

🎯 Support zone to watch: 0,070 $ https://t.co/h3pt2934o4