Ethena Records 3-Month High in New Wallet Sign-Ups as Whale Activity Hits 5-Week Peak

Crypto analytics firm Santiment reports a notable rise in activity on Ethena, which has recorded its strongest network expansion in over three months. Over the past 24 hours, 257 new wallets were created, reflecting a clear increase in user participation.

Building on this momentum, activity from large holders has also picked up. Whale transactions for ENA have reached a five-week high, with 52 transfers exceeding $100,000, indicating a simultaneous rise in high-value activity on the network.

Source: Santiment