Ethena currently has a Risk Wave score of 92/100 (Danger Zone). Lower scores generally indicate better long-term accumulation conditions, while higher scores suggest elevated downside risk and a more defensive position-sizing approach.
Risk Wave
92
Danger Zone
Risk Wave
92/100
Danger Zone
Fear & Greed
59
Greed
Coverage
DeFi
ENA · signal stack
Coverage
DeFi
ENA · signal stack
Ethena's Risk Wave score is currently 92/100 — placing it in the Danger Zone.
Ethena is trading well above its long-term trend. Elevated risk — consider taking partial profits or tightening stop-losses.
Risk Wave measures how far ENA's price deviates from its long-term trend. Learn more →
Fear & Greed
59/100
Greed
Market Cap
$2.89B
Category
DeFi
Other DeFi coins:
Synthetic dollar protocol providing a crypto-native stable asset backed by delta-hedged ETH.
Investment thesis: Ethena's USDe grew to over $3B in supply within its first year, becoming one of the fastest-growing stablecoins in crypto history. The protocol captures the persistent positive funding rate in perpetual futures markets, passing yields to sUSDe holders. Its crypto-native design avoids the banking and regulatory risks that affect centralized stablecoin issuers.
Key risks: Negative funding rates during prolonged bear markets could erode USDe backing and yield. Centralized exchange counterparty risk — USDe backing depends on positions held at CEXs like Binance and Bybit. Regulatory classification of USDe as a security or unregistered stablecoin could restrict access.
By Menno van Ravels - 13 years in crypto, 3 bear markets survived, zero paid promotions
Premium unlocks immediately after checkout. 14-day money-back guarantee.
Unlock PremiumThis page is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry significant risk including the potential loss of all invested capital. Prices from CoinGecko. Always do your own research before making investment decisions.
