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Bearish Clouds Over Ethena: $10M Sell-Off and Massive Unlocks Threaten Price

TheNewsCrypto LogoTheNewsCrypto1w ago

Bearish Clouds Over Ethena: $10M Sell-Off and Massive Unlocks Threaten Price - TheNewsCrypto

Quick Summary:

Ethena (ENA) is under heavy selling pressure after a $10.35 million token dump by Amber Group.

The market maker offloaded a significant amount of ENA on Binance, rattling investors and fueling uncertainty.

The token is trading below all key exponential moving averages, which is a bad omen and a potential downtrend.

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Bearish Clouds Over Ethena: $10M Sell-Off and Massive Unlocks Threaten Price - TheNewsCrypto (Picture 1)

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Article Details

Author / Journalist: Zayan

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 08:53:51 (1 weeks ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 27275261

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About TheNewsCrypto

TheNewsCrypto Logo

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 24 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 14 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

Publisher Details

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The story "Bearish Clouds Over Ethena: $10M Sell-Off and Massive Unlocks Threaten Price" was covered 1 weeks ago by TheNewsCrypto, a news publisher based in United Arab Emirates.

How trustworthy is 'TheNewsCrypto' news outlet?

TheNewsCrypto is news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in United Arab Emirates and publishes an average of 24 news stories per day.

It's most recent story was published 14 hours ago.

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  • News ID: #27275261
  • URL: https://beamstart.com/news/bearish-clouds-over-ethena-10m-17428189099686

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