Why Ethena Just Recorded Its Biggest Network Growth in Over Three Months

Ethena recorded its largest single day of network growth in more than three months on May 12, as the number of newly created wallets surged alongside a sharp rise in whale activity. In the meantime, whale transactions involving the ENA token also climbed to their highest level in five weeks. Network Activity and Whale Growth Crypto analytics platform Santiment linked the increase in activity to several major developm…