Ethena ($ENA) Breaks Out of Bullish Pennant Pattern, Targeting $1.40 as Donald Trump's World Liberty Financial Acquires $500K Worth of Tokens

Over the next seven days, the crypto market anticipates significant token unlocks, with a combined value surpassing $843 million, according to Tokenomist.

Over the next seven days, the crypto market anticipates significant token unlocks, with a combined value surpassing $843 million, according to Tokenomist.

Among the major single unlocks are ARB, MRS, ID, APE, QAI, ADA, ENA, MURA, PIXEL, PRIME, EIGEN, KARRAT, ACE, and CATI. Additionally, substantial linear unlocks will include SOL, WLD, TIA, TAO, AVAX, DOGE, SEI, NEAR, DOT, SUI, FIL, ARKM, ENS, ATOM, JTO, and BEAM.

According to Tokenomist, the single large amount unlocking in the next 7d, including ARB MRS ID APE QAI ADA ENA MURA PIXEL PRIME EIGEN KARRAT ACE CATI, etc., and the linear large amount unlocking in the next 7d will be SOL WLD TIA TAO AVAX DOGE SEI NEAR DOT SUI FIL ARKM ENS ATOM… pic.twitter.com/6dxB10D754

— Wu Blockchain (@WuBlockchain) December 16, 2024

On the trading front, $ENA, the token of Ethena, is making waves as it breaks out of a bullish pennant pattern, with price targets set at $1.40. A major highlight comes from Donald Trump’s World Liberty Financial (@worldlibertyfi), which recently acquired 509,955 $ENA for $500,013 USDC at an average price of $0.981. This strategic purchase signals growing confidence in $ENA’s upward trajectory.

#Ethena $ENA appears to be breaking out of a bull pennant, targeting $1.40! pic.twitter.com/QQkt3lEqv7

— Ali (@ali_charts) December 15, 2024

Since November 31, World Liberty Financial has invested $44.41 million across five crypto assets, showcasing a calculated diversification strategy. The acquisitions include:

-8,105 $ETH for $30M (average price: $3,701), now up $1.29M

– 102.9 $cbBTC for $10M (average price: $97,181), now up $410K

– 78,387 $LINK for $2M (average price: $25.51), now up $290K

– 5,886 $AAVE for $1.91M (average price: $324.4), now up $252K

– 509,955 $ENA for $500K (average price: $0.981), now up $81.3K

Donald Trump’s World Liberty Financial (@worldlibertyfi) is buying $ENA!

3 hours ago, this fund spent 500,013 $USDC to buy the first 509,955 $ENA at an average price of $0.981.

Overall, since November 31, World Liberty Financial has spent $44.41M to buy 5 crypto assets,… pic.twitter.com/2jSNS2Oc00

— Spot On Chain (@spotonchain) December 14, 2024

World Liberty Financial’s bold moves highlight its commitment to capitalizing on growth opportunities in the cryptocurrency market, with $ENA emerging as a key focus.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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