The proposal cites low activity and liquidity, oracle upkeep costs for WTI and silver, and planned shutdowns affecting some price feeds.
Ethena's ENA gained about 4% in the initial snapshot despite Arthur Hayes selling another 14 million tokens worth roughly $2.73 million. Lookonchain estimated Hayes sold $28.8 million across several crypto assets over 24 hours, realizing around $6.65 million in profit, mainly from ETH and ENA. ENA's rebound held near $0.20-$0.
Ethena's ENA gains despite Arthur Hayes selling 14 million tokens worth $2.73M. Traders watch $0.20 support and $0.23 resistance.
Patel also listed $0.13 as an initial target and four longer-term levels extending to $3.
Ethena price rebounds toward $0.21 despite Arthur Hayes' ENA sales, with traders watching $0.23 resistance and the risk of another correction.
Sixty-nine of the 90 largest cryptocurrencies, excluding stablecoins, advanced. Bitcoin gained 1.06%, and Ether rose 1.71%.
ENA also gained 9.52% over 24 hours. The same hour saw $120,000 in short liquidations and $0 in long liquidations across three exchanges.
The transfers spanned seven assets, and Hayes also withdrew 14.15 million USDC from trading platforms.
Users can hold and trade the synthetic dollar on X Layer now. Staking and looping support in OKX Wallet are planned for later.
ENA was down 1.01% over 24 hours, while combined long liquidations on Binance, Bybit and OKX reached $530,000 during the same hour.
A crypto whale accumulated about $7.22 million across nine tokens over the past 24 hours, according to on-chain data shared by Lookonchain. The purchases included LIT, ENA, ONDO, AERO, ETH, QNT, UNI, TAO and PEPE. The largest positions were roughly $1.4 million in LIT and $1.
ENA was up 14.61% over 24 hours. The same one-hour tally showed $10,000 in short liquidations and none in long liquidations.