About Ethena (ENA)
Ethena (ENA) is the protocol behind the synthetic dollar USDe, which uses delta-neutral hedging. The ENA token launched in 2024. TraderMap listens to the public futures feeds of Binance, Bybit, OKX, Hyperliquid and Lighter and shows large ENA orders from whichever of them list it, live in the tape and chart above.
- Category
- DeFi token
- Around since
- 2024
- Perpetual symbol
- ENAUSDT
- Notable order size
- $50K+
How whales trade ENA
DeFi governance tokens such as ENA often react to protocol news, fee changes and liquidity incentives. Because order books are thinner than for large caps, one large print can move price visibly, so bubble size relative to the candle is worth watching.
This page opens with a $10K minimum order filter, which you can change under "Min order". On the chart, bubbles mark large orders (green for market buys, red for market sells, a gold ring above $1M), the volume pane splits buying from selling, CVD tracks the running difference, and the liquidations pane shows forced orders.
Reading the ENA radar
- If the buy share in the top bar stays above 60% for several minutes, aggressive buyers are in control.
- Large sell bubbles landing at the high of a candle, followed by a falling CVD, often mark short-term exhaustion.
- A burst of long liquidations after a drop can mark capitulation, while a burst of short liquidations after a rally can mark a squeeze.
Related markets
Tools for ENA: liquidation heatmap · funding rates · open interest · long/short ratio.
Frequently asked questions
What counts as a whale trade in ENA?
There is no fixed definition. This page shows orders of $10K and above, and for a DeFi token like ENA, orders above roughly $50K are usually worth a look. Change the threshold with "Min order".
Which exchanges does TraderMap track for ENA?
The public futures feeds of Binance, Bybit, OKX, Hyperliquid and Lighter, showing ENA on whichever of them trade it.
Is the ENA data real time?
Yes. Trades stream straight from the exchanges' public WebSocket feeds into your browser, and TraderMap neither delays nor stores them. Liquidation levels on the heatmap are estimates. This is not financial advice.