Der Mitbegründer von Terraform Labs wurde 2023 mit neun Anklagepunkten im Zusammenhang mit dem Zusammenbruch des Ökosystems angeklagt, der zu Verlusten in Höhe von schätzungsweise 40 Milliarden US-Dollar geführt hatte.
Ethena price rises towards $1 as TVL tops $10B as Golden Cross forms
- Ethena (ENA) nears $1 as TVL jumps past $10B and momentum builds.
- Golden Cross and bullish signals point to further upside.
- Buybacks, whale activity, and USDe growth drive demand.
The price of the native token of Ethena, ENA, has risen sharply over the past few days, and traders are taking note.
Moreover, the protocol’s total value locked has surged past $10 billion, which has added fresh momentum to the rally.
Ethena’s TVL surges past $10B
According to DefiLlama data, Ethena’s TVL has jumped to roughly $10.979 billion. The protocol’s revenue has also climbed sharply, with weekly USD inflows rising materially in recent weeks.
Additionally, Ethena’s synthetic dollar USDe now sits among the largest stablecoins, with an estimated market cap north of $10.2 billion.
Notably, the high APY on USDe and its cross-chain expansion have attracted both retail and institutional liquidity.
Technical analysis signals a bullish run
From a technical analysis standpoint, the charts are aligned in favour of bulls after a classic golden cross formed, with the 50-day EMA crossing above the 200-day EMA.
Additionally, momentum indicators support further gains, with the Relative Strength Index (RSI) rising and a bullish Moving Average Convergence Divergence (MACD) crossover in place.
Adding to the bullish scenario, the price action also shows higher highs and an ascending channel, which traders regard as a durable bullish structure.
However, some caution is advised, seeing that the RSI has entered the overbought region.
Token buybacks strengthen the bullish case
Moreover, Ethena’s tokenomics include a $260 million buyback fund that currently targets around $5 million in daily repurchases.
Sustained buybacks have already begun to reduce the circulating supply and to add a scarcity premium to ENA.
Additionally, planned token unlocks and a forthcoming fee switch could alter supply dynamics further, and these mechanisms may funnel more value back to holders.
Whales, volume, and institutional interest
Furthermore, on-chain analytics indicate growing whale accumulation, with large addresses holding a significant portion of the supply.
There is also an increased institutional inflow into derivatives amid heightened open interest, suggesting professional participation has increased.
Moreover, spot and futures liquidity have expanded, with recent daily volumes spiking into multi-billion dollar ranges.
Key Ethena price levels to watch
The market has established $0.75 as a key support, and traders are watching this level closely.
Meanwhile, immediate resistance sits in the $0.84–$0.87 band, and a decisive break above those levels could clear the path toward $1.00.
The upside targets that analysts cite include $1.02 and $1.18 if momentum continues, and extended rallies could reach higher levels.
However, traders should remember that a breach below $0.68 would increase the probability of a deeper correction.
Moreover, traders should monitor buyback cadence, exchange listing news, and USDe adoption metrics as primary catalysts.
Additionally, on-chain whale movements and derivatives open interest should be watched for signs of allocation shifts.
The post Ethena price rises towards $1 as TVL tops $10B as Golden Cross forms appeared first on CoinJournal.
Solana price breaks past $200, targets July peak
- Solana (SOL) jumps above $200, aiming for the July peak of $206.32.
- Whale sales and unstaking raise short-term supply concerns.
- $170 support and $206 resistance are key to the next price move.
Amid renewed altcoin market optimism, the native token of Solana, SOL, has surged past the $200 mark, reclaiming a key psychological level.
Over the past 24 hours, SOL has risen by 15.4% to trade near $201.71, with a 24-hour range stretching from $174.20 to $201.58.
Solana now targets July peak
Crucially, breaking $200 is a psychological and technical milestone that can attract buyers. As renowned analyst Jelle notes, “above $200, very little resistance left to bring it back down.”
Very close to $SOL season making a massive comeback.
Above $200, very little resistance left to bring it back down.
Looks like great timing on my lil getaway, completely recharged while everything starts to run 👀 pic.twitter.com/g7W076pYtc
— Jelle (@CryptoJelleNL) August 13, 2025
Technically, a minor support sits at $195.26, while the critical support ranges from $187.71 to $184.67.
A breakdown through $173.43 would signal a medium-term reversal and might target the June–August trendline near $163.37.
However, on short timeframes, the hourly Moving Average Convergence Divergence (MACD) is gaining in the bullish zone, and the Relative Strength Index (RSI) remains above 50, indicating moderate momentum.
With the sharp price surge, all eyes are now on the July high at $206.32 as the next immediate target.
Moreover, if SOL clears $206.32, there are chances that it could extend toward the March 2024 peak at $210.18, testing bullish conviction. Market analysts project that the token will rise to $222.66 or even $230.32, especially if it clears the resistance at $204.
So far, SOL has climbed more than 13% from Monday’s low of $173.43, hinting at a strong bullish momentum.
Whales stir concern
Meanwhile, on-chain data shows large transfers to exchanges, prompting questions about distribution.
Specifically, more than 226,000 SOL moved to exchanges in recent days.
Whales seem to be selling $SOL.
CMJiHu deposited 96,996 $SOL($17.45M) to exchanges 9 hours ago.
5PjMxa deposited 91,890 $SOL($15.98M) to #Kraken 3 hours ago.
HiN7sS deposited 37,658 $SOL($6.73M) to #Binance 8 hours ago for a profit of $1.63M.https://t.co/SjYyx112xa… pic.twitter.com/6A22shhpe8
— Lookonchain (@lookonchain) August 12, 2025
Notably, one whale slashed holdings by 71% in under two days, trimming a $24 million position to roughly $6.8 million.
These sales clustered near an average price of about $177 and coincided with a dip below $185.
SOL unstaking adds pressure
In addition, a wallet linked to Alameda Research unstaked roughly $35 million worth of SOL.
The tokens had been locked since late 2020, when their value was about $350,000 — a roughly 100-fold gain.
IS ALAMEDA RESEARCH ABOUT TO DISTRIBUTE $35M OF SOL?
An Alameda Research staking account just unstaked $35M of SOL that had been staked in late 2020. It was then worth $350K – up 100x since it was initially staked.
Will this be finally returned to creditors? pic.twitter.com/g3ehbfbw92
— Arkham (@arkham) August 11, 2025
Nevertheless, the Net Position metric remains positive and has helped price consolidate above the critical $170 level.
What traders should watch out for
Notably, despite the rebound, Solana has lagged Ethereum in recent stretches.
Indeed, SOL is up roughly 1.07% in August while ETH has gained about 15.75%. Over the quarter, ETH’s roughly 72% return far outpaces SOL’s near 12.8%.
Importantly, large exchange inflows and the Alameda unstaking raise the prospect of coordinated distribution.
If $170 fails to hold, traders should expect increased downside and a deeper correction.
Conversely, a sustained breakout above $206.32 could draw fresh buyers and revive momentum.
The post Solana price breaks past $200, targets July peak appeared first on CoinJournal.
Neuer Krypto-Wal kauft Ether (ETH) im Wert von 1,3 Mrd. US-Dollar
Die Käufe des neuen Wals erfolgten im Zuge der Zuflüsse in Ether-ETFs. Ether könnte damit sein altes Allzeithoch zurückerobern.
LINK rallies 12% to overtake Hyperliquid, eyes $30; Check forecast
Key takeaways
- Chainlink (LINK) is one of the best performers in the top 20, up 12% in the last 24 hours.
- The coin is rallying on the back of recent partnerships.
Chainlink overtakes Hyperliquid on the market cap list
LINK, the native coin of the Chainlink blockchain, is one of the best performers among the top 20 cryptocurrencies by market cap. The coin is up 12% in the last 24 hours and is now trading above $23.
This positive performance means that Chainlink’s market cap now stands at $16 billion, surpassing Hyperliqudi’s $14 billion. This means that LINK has become the 11th-largest cryptocurrency by market cap.
The rally comes after Chainlink launched the Chainlink Reserve last week. The Reserve aims to convert revenue from Chainlink’s services and enterprise integrations into LINK tokens, establishing persistent buying momentum.
In addition to that, Chainlink announced its partnership with Intercontinental Exchange, the parent company of the New York Stock Exchange, earlier this week. This will see the two entities work together to bring foreign exchange and precious metals pricing data on-chain. The partnership showcases Chainlink’s expanding role as a bridge between traditional finance and blockchain rails.
LINK eyes $30 as bullish momentum grows
The LINK/USD 4-hour chart is one of the most bullish, thanks to the coin’s ongoing rally. The technical indicators are also bullish, with the RSI of 63 underscoring the immense buying pressure. The MACD lines also crossed over into positive territory since last month, suggesting a bullish bias.
At press time, LINK is trading at $24. If the positive momentum continues, LINK could break above the first major resistance level at $26.9 over the next few hours. An extended rally would allow LINK to test the $30 mark for the first time since December 2024.
However, if the market undergoes a correction, LINK could retest the TLQ and support level at $21.075. The bulls would defend this level, as failure to do so could see LINK drop to the monthly low of $15.5.
The post LINK rallies 12% to overtake Hyperliquid, eyes $30; Check forecast appeared first on CoinJournal.