As of September 4, 2025, Ethena (ENA) is trading at $0.70714, reflecting a 1.93% increase from the previous close. The day’s trading range has seen a high of $0.736249 and a low of $0.692393.
Liquidity Inflows Indicate Undervaluation
Recent data reveals a consistent uptick in liquidity inflows into ENA, suggesting that investors perceive the token as undervalued. Over the past four weeks, ENA has experienced a 15% increase in inflows, indicating growing confidence in its potential.
Rebound in Earnings and Total Value Locked (TVL)
Ethena Labs reported a significant rebound in earnings, reaching $7.43 million, up from $1.15 million in the previous quarter. This resurgence is attributed to the increasing utility of Ethena’s synthetic dollar, USDe. Concurrently, the Total Value Locked (TVL) in the Ethena protocol has climbed to a record $12.66 billion, reflecting heightened investor commitment.
Investor Activity and Market Sentiment
On-chain data indicates that investors are actively rotating capital into ENA. Notably, one investor sold a substantial position in another asset to acquire $1.29 million worth of ENA, bringing their total holdings to $10 million. The number of ENA holders has also reached a record 76,440, with the asset’s market capitalization growing to $4.33 billion.
Technical Analysis and Price Outlook
Technical indicators suggest a bullish trend for ENA. The token has formed a bullish flag pattern and appears to have broken out of its recent consolidation channel. If liquidity inflows continue to strengthen, ENA is poised to rally towards $0.88, with potential to reach $1 in the near future.
Conclusion
Ethena’s recent performance, characterized by increased liquidity inflows, a rebound in earnings, and a growing user base, positions ENA as a promising asset in the crypto market. Investors are advised to monitor these developments closely, as the token exhibits strong potential for further appreciation.
