Ethena's ENA Surges 27% on Anchorage Partnership, Analyst Optimism

Generated by AI AgentCoin World
Saturday, Jul 26, 2025 9:26 pm ET1min read
Aime RobotAime Summary

- Ethena’s ENA token surged 27% on July 25, driven by renewed optimism from Anchorage partnership and bullish analyst outlook.

- The rally followed USDtb’s launch—a GENIUS-compliant stablecoin backed by U.S. Treasury bills via BlackRock’s BUIDL platform.

- Analysts highlight ENA’s exposure to stablecoins/tokenization, with buybacks and TradFi demand potentially pushing the price 38% higher.

- Technical analysis supports the bullish case, but risks include profit-taking, market sentiment shifts, and corporate treasury demand sustainability.

- Ethena’s growth hinges on institutional adoption, buyback efficiency, and regulatory navigation amid its stablecoin-focused strategy.

Ethena’s ENA token surged 27% on July 25 amid renewed optimism driven by a partnership with Anchorage Digital and a bullish analyst outlook. The rally followed the launch of

USDtb
, a stablecoin collateralized by U.S. Treasury bills via BlackRock’s BUIDL platform, which the team labeled the “first GENIUS-compliant” stablecoin [1]. Ryan Watkins of Syncracy Capital highlighted the token’s exposure to stablecoins and tokenization, noting that reduced venture capital (VC) supply overhang could further fuel growth. “$ENA offers one of the only pure-play exposures to stablecoins and tokenisation… Bonus is VC supply overhang now practically neutralized” [1].

The price breakout from a multi-month range to $0.60 was supported by a buyback program and aggressive corporate treasury interest. Analysts suggest that if traditional finance (TradFi) entities continue to bid for ENA, the token could target $0.81—a 38% potential gain from its July 25 close [1]. However, Messari analyst Sam cautioned that broader demand from corporate treasuries, currently led by StablecoinX, will be critical for sustaining momentum [1].

Technical analysis reinforces the bullish case. A daily chart shows ENA defended $0.45 as support, triggering the 27% rally. The Network Value to Transactions (NVT) ratio indicates the token remains undervalued relative to its transactional activity, though increased selling pressure—124 million tokens moved to exchanges—could cap further gains [1].

While the short-term outlook appears strong, risks persist. Profit-taking activity and reliance on TradFi adoption highlight vulnerabilities. Crypto influencer Ansem pointed to the token’s breakout and buyback program as key drivers, but broader market sentiment and treasury demand will ultimately dictate the trajectory [1].

The surge underscores Ethena’s role in the stablecoin narrative, with USDtb and USDe (collateralized by crypto) forming the foundation of its growth strategy. As the project navigates regulatory and market dynamics, its ability to attract institutional buyers and maintain buyback efficiency will be pivotal. For now, the 38% upside target hinges on the realization of analyst forecasts and sustained corporate interest [1].

Source: [1] [Ethena surges 27%, but here’s how ENA could push 38% higher] [https://ambcrypto.com/ethena-surges-27-but-heres-how-ena-could-push-38-higher/]