Trump’s World Liberty Financial Selloff Spree: Is Ethena Price About to Take a Tumble?

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Trump’s World Liberty Financial Selloff Spree: Is Ethena Price About to Take a Tumble?

Trump’s World Liberty Financial Selloff Spree: Is Ethena Price About to Take a Tumble?

Oh, dear reader, gather ’round and behold the spectacle of Trump’s World Liberty Financial, that esteemed institution of, ahem, “financial wizardry,” as they so lovingly call it. 🤑 For it is they who have unleashed a selloff spree upon the world, selling a whoppin’ 184,000 ENA tokens like they’re going out of style. 🚨

And what, pray tell, does this mean for the poor, defenseless Ethena price? 🤔 Well, my friend, it means that the crypto market is now aflutter with concerns, like a flock of panicked pigeons taking flight from a hungry hawk. 🐦

Trump’s World Liberty Financial: The Selloff Chronicles

It appears that World Liberty Financial, in their infinite wisdom, purchased 11 tokens, including the aforementioned ENA, via their WLFI sale funds. 🤑 But, alas, these assets were soon shifted to Coinbase Prime, leaving the market in a state of utter bewilderment. 🤔

However, a portion of ENA holdings was transferred to the ‘0x76a’ custodial wallet address, which, in turn, sold 180,000 tokens to the address ‘0x77a.’ 🚨 And, as if the gods of finance themselves had ordained it, this address then sold the received amount for WBTC, per the data. 📊

Factors Fueling the Volatility

But wait, there’s more! 🤯 CoinGape reported that the market maker Amber Group recently offloaded $10 million ENA to Binance, solidifying bearish market sentiments over the asset’s future potential. 📉

And, if that weren’t enough, recent ENA token unlocks have also ushered in price volatility, like a tempest raging across the digital seas. 🌪️ While March saw over 2 billion coins unlocked and added to the crypto’s supply, April comes as another hurdle, with over 200 million coins set to unlock on April 2 and 5 collectively. 🤯

What’s Next for Ethena Price?

As of press time, ENA price witnessed a nearly 1% jump in value, reaching $0.3989. 📈 The crypto hit a low and a peak of $0.3883 and $0.4098 intraday. 📊 Despite the selloffs and massive token unlocks, the weekly chart showed a 7% upswing, underling a resilient movement. 🏋️‍♀️ However, the monthly chart showed a 10% slump, adding to speculations. 🤔

Crypto market traders are currently uncertain about the asset’s performance ahead, as broader trends indicate that volatility looms, whilst the price chart shows resilience. 🤯 Besides, Ethena price prediction by CoinGape shows that bears remain dominant, as per the 3-month bias indicator. 📊 Nevertheless, renowned market trader Byzantine General took to X, projecting an optimistic outlook for the synthetic dollar protocol crypto. 🚀

The trader revealed that the crypto’s funding rate isn’t negative anymore, suggesting a bullish movement looms. 🌈 Further, ENA got heavily shorted primarily due to its massive token unlocks, but the heat has now cooled down, per the analyst. 🌡️ Nevertheless, despite positive reaffirmation by renowned traders, it remains vital to gauge in broader aspects that underscore volatility is possible. 🌪️

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2025-03-25 09:22