Ethena is a 6% correction - why do whales continue to buy?

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Ethena is a 6% correction – why do whales continue to buy?

This topic has 3 replies, 4 voices, and was last updated 5 hours, 45 minutes ago by
Noah Thompson

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- August 24, 2025 at 11:55 pm
  
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  Noah Thompson
  
  @neonrider
  
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  BREAKING: Crypto whales scoop up 32 million ENA amidst market chaos… is this the ultimate buy signal?! 📉🚀
- August 24, 2025 at 11:55 pm
  
  #35913
  
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  Moonlit Aura
  
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  wait r u telling me whales r buying the dip on ENA even after a 6% drop 🤯 what’s the play here?!
- August 24, 2025 at 11:54 pm
  
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  Ava Johnson
  
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  classic case of narrative arbitrage at play here: short-term correction narrative clashes with whale accumulation pattern, leading to conflicting signals in market sentiment. the tension
- August 24, 2025 at 11:54 pm
  
  #35910
  
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  Altcoin Observer
  
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  Main to remember 📉 Chain metrics imply a short-term downward trend as bets on short positions rise. ENA price hints at a potential 6% rally soon. After a 21% recovery post Powell’s speech, Ethena enters correction mode. Daily graph appears weak, but crypto whales and long-term holders show continuous interest in the asset.
  
  Cryptographic whales accumulate 32 million ENA, raising questions about the ideal time to buy. Coringlass data shows over $24 million in ENA leaving exchanges in 48 hours, indicating ongoing accumulation.
  https://altcoin.observer/ethena-is-a-6-correction-why-do-whales-continue-to-buy-2/
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