Ethena’s ENA risks fall to $0.13 as whales buy 118M tokens amid retail selling

Ethena’s ENA token fell to $0.17 after a rejection at $0.25 on 10 October, extending a month-long downtrend and losing 20% over the week. Large holders have bought 118 million ENA while offloading 96 million, but retail traders continue to send more ENA to exchanges, keeping selling pressure high and raising the risk of a drop toward $0.13.