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Ethena's ENA token surges 48%, but altcoin season will have to wait

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Ethena's ENA token surges 48%, but altcoin season will have to wait

ENA is rallying on a $1 billion FalconX deal, while HYPE tests its record, though flat dominance shows this is no broad alt season.

Ethena's ENA token surges 48%, but altcoin season will have to wait

Source：CoinDesk

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Source：https://www.coindesk.com/markets/2026/08/21/ethena-surges-48-as-altcoins-pull-away-from-bitcoin