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Ethena's ENA token reached a high of $0.28 following its USDe yield reserve expansion on Binance, supported by significant whale investments and sustained protocol inflows despite reduced trading volume.
On the 26th of September, Ethena climbed to a high of $0.28. The altcoin had not reached these levels since December 2025. ENA reached these price levels after Ethena started its USDe yield reserve expansion to RWA on Binance.
The expansion using Binance bStocks and USDT dominated Perps and attracted significant market attention, which helped ENA’s price action.ading around $0.27 at press time. At the same time, trading activity on the 27th of September plunged 57%, reflecting reduced market activity. , high net worth investors are rushing to reposition, fearing to miss out on the anticipated benefits.reported that a whale withdrew 18.34 million ENA worth $5.13 million from Gate, Bybit, OKX, and Binance.
Often when whales make purchases during an uptrend, it indicates optimism, as they expect the rally to continue. Notably, Ethena is seeing strong demand not only from whales but also across the market. ForAccording to DefiLlama data, the protocol’s inflows have remained elevated for the past three days. On the 27th of September, for example, USD inflows rose to.
$24 million is added to $30 million recorded the previous day. With more money entering the ecosystem, it reflects bullish sentiment, as investors’ willingness to allocate capital holds. On top of that, exchange activity also shows increased demand. The altcoin has recorded negative Spot netflow for the past three days.
Over the past 24 hours, for instance, Ethena saw $48 million in Spot outflows compared to $46 million in inflows. Can ENA target $0.3? Ethena is currently on a strong upside run backed by sustained buying pressure. Whale buying adds another layer of strength to the market.
Having said that, a look at momentum indicators, the Stochastic Momentum Index climbed to 80, reaching overbought. At such a high level, SMI suggests bulls having an influential hold of the market. At the same time, the positive index of DMI rose to 43 while the negative index fell to 6. This further confirms the trend strength.
If the sentiment remains bullish, Ethena will reclaim $0.28 and target to finally flip $0.3 resistance. ENA rose to $0.28 to December 2025 levels, before retracing to $0.27 at press time as bulls target to flip $0.30.
Ethena Enatoken Usde Binance Whaleactivity
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