Ethena Surges 150% on Strong Demand and TVL Growth to $10 Billion

Ethena (ENA) has seen a dramatic price surge of 150% over the past month, with a 40% increase in just the last week, driven by rising demand and strong on-chain metrics [1]. The protocol’s Total Value Locked (TVL) has surpassed $10 billion, largely fueled by the fast-growing stablecoin USDe, which now ranks among the top three stablecoins globally by market cap [1]. Analysts highlight a favorable technical setup, including a golden cross pattern, where the 50-day moving average crossed above the 200-day line, historically indicating potential further gains [1]. Additionally, the project has seen consistent whale accumulation and $5 million in daily token buybacks, reinforcing confidence in the ecosystem [1].

Meanwhile, Pudgy Penguins’ native token, PENGU, is gaining attention for its potential 100% price breakout. Recent on-chain data shows a 17.5% rise in trading volume and a price level of approximately $0.0376, suggesting a strong upward trajectory [1]. A technical “flag and pole” formation on the chart supports the possibility of a move toward $0.075 by mid-September [1]. Institutional interest is also growing, with Nasdaq-listed BTCS Inc. adding Pudgy Penguins NFTs to its corporate treasury, signaling increasing credibility from traditional finance players [1]. While speculative, the combination of on-chain momentum and brand visibility makes PENGU a token to watch for potential upside.

Cold Wallet is emerging as a strong contender for the top bullish crypto in 2025. With 706 million tokens already sold and over 2 million preloaded users from the Plus Wallet acquisition, the project enters the market with a built-in user base and immediate adoption pathway [1]. Unlike many speculative projects, Cold Wallet’s demand is already secured, with a cashback model designed to maintain user engagement and strengthen network value over time [1]. The current Stage 17 presale price of $0.00998 is the final window before the token’s listing price is set at $0.3517, creating a clear and immediate value gap [1]. With a fully funded $5.9 million project and a live audience ready to transact, Cold Wallet’s model aligns supply, demand, and utility in a way that few others in the space have achieved [1].

Compared to the ongoing momentum of Ethena and the speculative upside of PENGU, Cold Wallet offers a more direct path to growth. Ethena must continue to convert its technical and on-chain strength into sustained price performance, while PENGU’s success hinges on whether the breakout follows through [1]. Cold Wallet, however, is already built on a foundation of adoption and demand, removing much of the uncertainty that often surrounds early-stage crypto projects [1]. As the market shifts from accumulation to active trading, Cold Wallet is positioned to benefit from the growing rush for early-stage opportunities with clear upside potential [1].

Source: [1] Ethena’s Price Surge, PENGU’s Breakout Buzz, and Why Cold Wallet Could Be the Top Bullish Crypto for 2025 (https://timestabloid.com/ethenas-price-surge-pengus-breakout-buzz-and-why-cold-wallet/)