Ethena narxENA

Ethena records largest-ever single-day USDe redemption at $268M Wu Blockchain reported on X that Ethena’s $ENA USDe stablecoin saw a record $268 million redeemed on March 1, reducing the total supply by approximately 4.7%. The largest redemptions came from wallet address "0x59" with $180 million and Sky with $70 million.

$ENA Good long here for continuation Invalidation below the box

Buy $ENA at 0.414 and DCA at 0.378. Stop loss is 0.32. Targets are 0.5, 0.6 and 0.7.

During February 2025, multiple cryptocurrency projects obtained substantial funding through capital-raising activities across the market. Figure obtained a $200 million investment funded by Sixth Street alongside a group of investors to become the project that received the most financial support. Planq obtained $100 million in funding support from investment firms Dragonfly, Deribit, Pantera, and Franklin Templeton as well as Ethena. Various institutional players are demonstrating their interest in blockchain-based solutions through their investment activities. MAJOR CRYPTO FUNDRAISING EVENTS IN FEBRUARY#Figure #Ethena $ENA #Bitwise #Rise #Blockaid #TaprootWizards #Plasma #CygnusFinance $CYGNUS #Kinto #UnitNetwork $UNIT #Reservoir #Olas $OLAS #Superlogic #Beamable #OrochiNetwork $ON pic.twitter.com/zaeURzFaHf — PHOENIX – Crypto News & Analytics (@pnxgrp) March 1, 2025 Bitwise received $70 million in investor funding from Pantera Capital together with General catalyst and multiple notable firms. The funding of $63 million for Raise received support from major venture capital firms Haun, GSR, and Selini. Key Investments in Blockchain Security and Decentralized Networks Blockaid obtained $50 million from GGV Capital and Ribit Capital together with other supporting investors to bolster its crypto security services. The rise of investment funding shows that security needs in decentralized finance along with blockchain technologies continue to grow quickly. Unit Network received $18 million through investments from Blockchain Capital together with Outlier Ventures. The decentralized infrastructure sector progressed with Reservoir obtaining $14 million from major crypto investors during the same funding period that Olas received $13.8 million from top stakeholders in the ecosystem. Growing Interest in Emerging Blockchain Projects During February several new projects gained substantial funding increases. Taproot Wizards raised $30 million for Bitcoin Ordinal development after collecting investments from Standard Crypto and Electric Capital and other major partners. Plasma secured $24 million funding from Bitfinex as well as capital contributions from DRW Venture capital and Framework which demonstrates expanding blockchain applications. The combined funding amounts of Superlogic and Beamable reached $13.7 million and $13.5 million indicating growing market demand for blockchain applications. Cygnus Finance brought in $20.5 million while Orochi Network obtained $12 million in funding from investors who showed their support for Web3 and decentralized finance. The ongoing influx of investment capital demonstrates that cryptocurrency market participants plan to continue their support for blockchain technology. The sector’s rapid technical advancements demonstrate that institutional investments signal a growing pattern of institutional blockchain engagement while digital assets continue to develop.

ENA long closed at BE.