{"id":9073,"date":"2026-05-13T19:25:42","date_gmt":"2026-05-13T19:25:42","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=9073"},"modified":"2026-05-13T19:25:42","modified_gmt":"2026-05-13T19:25:42","slug":"ethena-price-ena-dips-despite-5-week-peak-in-whale-activity","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=9073","title":{"rendered":"Ethena price: ENA dips despite 5-week peak in whale activity"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/06\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/06\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery.png\" alt=\"Ethena Price Down\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li><span style=\"font-weight: 400;\">Ethena\u2019s native token, ENA, saw its price decline as Bitcoin slid below $79,000<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The slight dip happened despite ENA notching a 5-week high in whale activity.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Prices could fall further, but a rebound for BTC could boost ENA.<\/span><\/li>\n<\/ul>\n<p>Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin grappled with renewed selling amid macroeconomic headwinds.<\/p>\n<p>This decline unfolded even as on-chain metrics signaled robust interest from large holders.<\/p>\n<p>Analysts say the move highlights a disconnect between whale behavior and short-term price action.<\/p>\n<h2>Ethena hits 5-week high in whale activity<\/h2>\n<p>On-chain data shows Ethena\u2019s ecosystem has managed notable momentum.<\/p>\n<p>For one, the network just hit its largest daily network growth in over three months.<\/p>\n<p>The platform did not just see a surge in new wallet creations, but had ENA whale activity surging to a five-week peak, with this aligning with heightened interest bolstered by several bullish catalysts.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcc8 Ethena has just seen its largest day of network growth (new wallets created) in over 3 months. Additionally, <a href=\"https:\/\/twitter.com\/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ENA<\/a> whale activity has just hit a 5-week high. Why? There has been a series of high-impact events that converged in the days leading up to May 12th:<\/p>\n<p>\ud83c\udfaf Grayscale\u2026 <a href=\"https:\/\/t.co\/ZMZf0BZgkN\">pic.twitter.com\/ZMZf0BZgkN<\/a><\/p>\n<p>\u2014 Santiment Intelligence (@SantimentData) <a href=\"https:\/\/twitter.com\/SantimentData\/status\/2054580134951190662?ref_src=twsrc%5Etfw\">May 13, 2026<\/a><\/p>\n<\/blockquote>\n<p>According to Santiment, one of the key drivers was Grayscale\u2019s decision on May 7 to incorporate ENA into its DeFi Fund.<\/p>\n<p>Ethena also recently saw a massive $310 million USDC transfer, a transaction that injected fresh liquidity and drew widespread attention.<\/p>\n<p>Santiment has also highlighted that the spotlight on ENA increased further when LayerZero announced a temporary bridge suspension on May 9, keeping Ethena at the forefront of DeFi discussions.<\/p>\n<p>Adding to the optimism, the Ethena Foundation recently affirmed that all conditions outlined by its Risk Committee for activating the \u201cfee switch\u201d have been satisfied.<\/p>\n<p>This mechanism, designed to distribute protocol fees to stakers, awaits a governance vote from ENA holders in the coming days.<\/p>\n<p>The whale positioning ahead of the pivotal vote helped ENA price pump to highs of $0.14 on May 10.<\/p>\n<h2>Why\u2019s ENA price down?<\/h2>\n<p>Despite the positive catalysts, ENA\u2019s price succumbed to broader market dynamics.<\/p>\n<p>Both RSI and MACD on the 4-hour chart suggest prices could fall further.<\/p>\n<figure id=\"attachment_364730\" aria-describedby=\"caption-attachment-364730\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-364730\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/05\/ethena-ena-chart.png\" alt=\"Ethena ENA Chart\" width=\"1057\" height=\"613\"\/><figcaption id=\"caption-attachment-364730\" class=\"wp-caption-text\">Ethena price chart by TradingView<\/figcaption><\/figure>\n<p>On May 13, crypto sentiment soured following the release of U.S. Producer Price Index (PPI) data.<\/p>\n<p>This came in hotter-than-expected and exacerbated fears of persistent inflation and delayed rate cuts.<\/p>\n<p>US stocks slid, and Bitcoin, the crypto sector\u2019s bellwether, tumbled below $79,000 during intraday trading.<\/p>\n<p>Declines meant bulls retreated to levels seen following Tuesday\u2019s Consumer Price Index (CPI) report.<\/p>\n<p>BTC prices had earlier bounced to above $81,000.<\/p>\n<p>This macro-driven risk-off mood rippled across altcoins, with Ethereum down near $2,250, Solana slipping to $90, and XRP capped under $1.50.<\/p>\n<p>Many DeFi tokens mirrored the weakness, including ENA, which traded from intraday highs of $0.12.<\/p>\n<p>The profit-taking could extend losses to support at $0.10.<\/p>\n<p>While the dip impacts ENA\u2019s short-term outlook, network fundamentals and overall market outlook could position the token for potential recovery.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Markets,Altcoins#Ethena #price #ENA #dips #5week #peak #whale #activity1778700342<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethena\u2019s native token, ENA, saw its price decline as Bitcoin slid below $79,000 The slight dip happened despite ENA notching a 5-week high in whale activity. Prices could fall further, but a rebound for BTC could boost ENA. Ethena (ENA) price faced downward pressure today, dropping nearly 4% to intraday lows of $0.11 as Bitcoin<\/p>\n","protected":false},"author":1,"featured_media":9074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-9073","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethena price: ENA dips despite 5-week peak in whale activity - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Ethena price decline to $0.11 as Bitcoin slid amid macro-driven selling, but the Ethena network just notched a 5-week high in whale activity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=9073\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethena price: ENA dips despite 5-week peak in whale activity\" \/>\n<meta property=\"og:description\" content=\"Ethena price decline to $0.11 as Bitcoin slid amid macro-driven selling, but the Ethena network just notched a 5-week high in whale activity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=9073\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-13T19:25:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1152\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9073\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=9073\",\"name\":\"Ethena price: ENA dips despite 5-week peak in whale activity - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9073#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9073#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery.png\",\"datePublished\":\"2026-05-13T19:25:42+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Ethena price decline to $0.11 as Bitcoin slid amid macro-driven selling, but the Ethena network just notched a 5-week high in whale activity\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9073#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=9073\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9073#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery.png\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/05\/Gains-Network-GNS-down-19-today-Is-it-the-end-of-its-recovery.png\",\"width\":1152,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=9073#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethena price: ENA dips despite 5-week peak in whale activity\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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