Ethereum Name Service ($ENS) Crypto Forecast: Down 7.6% Today

What is Ethereum Name Service?

A cryptocurrency token, ENS, faced significant bearish movement within the cryptocurrency market today.

Why is Ethereum Name Service going down?

ENS crypto is down 7.6% on Jun 12, 2025 5:40

• Experienced a sharp decline within the crypto market.
• Bitcoin's closure below $109,000 impacted various top altcoins including Ethereum, Ripple's XRP, Solana, and Dogecoin.
• The bearish trend in ENS is possibly linked to market sentiment and investor profit-taking.
• Market uncertainty heightened by the impending GENIUS Act contributed to the downward pressure on ENS and other altcoins.

ENS Price Chart

ENS Technical Analysis

ENS News

Top Crypto Movers: KAIA, ENS, CRV - Altcoins plummet ahead of GENIUS Act, Kaia stands out

The cryptocurrency market experienced a sharp pullback on Wednesday, with Bitcoin (BTC) closing below $109,000. Top altcoins, including Ethereum (ETH), Ripple’s XRP (XRP), Solana (SOL), and Dogecoin (DOGE), have recorded a nearly 2% drop.

https://www.fxstreet.com/cryptocurrencies/news/top-crypto-movers-kaia-ens-crv-altcoins-plummet-ahead-of-genius-act-kaia-stands-out-202506120515

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Ethereum Name Service Price History

13.04.2025 - ENS Crypto was up 5.4%

• ENS experienced notable bullish movement, potentially fueled by investors seeking decentralized assets in light of the DNS attack encountered by Curve DAO (CRV).
• The uncertainty surrounding Curve Finance following the DNS attack might have directed investors towards ENS, thus contributing to its positive performance.
• The security apprehensions triggered by the DNS attack on Curve DAO likely prompted investors to pivot towards ENS, seen as a more secure decentralized project within the present market landscape.

21.00.2025 - ENS Crypto was down 7.9%

• The bearish movement in ENS could be attributed to profit-taking by investors after a significant whale deposit of $9.15 million, leading to a temporary price decline.
• The surge in token sales by World Liberty Financial amid recent meme coin launches may have diverted investor attention away from ENS, impacting its market movement negatively.
• The acquisition of additional ENS domains by a prominent Crypto Project might have created some uncertainty or competition within the ENS ecosystem, contributing to the bearish trend.
• The overall mixed performance in the cryptocurrency market could have also influenced ENS's movement, as investors may have shifted their focus to other assets with more promising gains.

20.00.2025 - ENS Crypto was up 11.1%

• ENS saw a significant uptrend in its valuation.
• The increased token acquisitions by World Liberty Financial and the Trump family's crypto initiative acquiring more ENS domains are thought to have been contributing factors to the upward trajectory.
• The positive outlook on ENS following these prominent acquisitions potentially drew in more investors, boosting the token's value.
• Despite the volatile overall performance in the digital currency market, ENS demonstrated notable growth, highlighting its resilience and appeal to investors amid market uncertainties.

23.00.2025 - ENS Crypto was down 5.3%

• ENS experienced a bearish movement today due to the speculation of Trump Family's DeFi platform acquiring ENS domains, potentially raising concerns about centralization and influence.
• A significant whale deposit of $9.15M into ENS may have caused uncertainty and volatility in the market, leading to a sell-off.
• Despite ENS affirming its commitment to decentralization, the association with Trump Family's crypto projects and meme coin launches might have spooked investors, contributing to the bearish trend.
• The surge in token sales at World Liberty Financial amid Trump's crypto ventures could have diverted attention and funds away from ENS, impacting its market performance negatively.

21.03.2025 - ENS Crypto was up 5.4%

• ENS experienced a strong bullish movement despite the news of a phishing attack targeting the lead developer and exploiting a flaw in the system.
• The market's positive reaction could indicate that investors have confidence in the project's ability to address and mitigate security vulnerabilities promptly.
• The resilience of ENS in the face of cybersecurity challenges demonstrates the community's trust in the project's long-term potential, leading to increased buying pressure and a bullish market movement.

27.00.2025 - ENS Crypto was down 8.0%

• The bearish trend in ENS could stem from a significant whale deposit of $9.15 million, triggering a market sell-off due to concerns over potential price manipulation.
• The acquisition of four ENS domains by Trump Family's DeFi platform may have introduced uncertainty and speculation, impacting trader confidence.
• Despite ENS reiterating its commitment to decentralization, market sentiment might have been swayed by increased token sales linked to Trump's meme coin launches by World Liberty Financial, leading to a shift of attention and capital away from ENS.

30.00.2025 - ENS Crypto was up 5.4%

• ENS saw a strong bullish movement today as the overall positive sentiment in the cryptocurrency market lifted prices.
• The announcement of a well-known entity entering the crypto space with a project called Truth.Fi may have contributed to the optimistic outlook, drawing more attention and investment to the sector.
• The entry of a prominent player like the mentioned entity into the crypto space likely bolstered confidence in the industry, potentially driving up demand for cryptocurrencies such as ENS.
• The market's activity might also be influenced by the increased adoption and acknowledgment of blockchain-based services like ENS, indicating the growing acceptance of decentralized technologies in the mainstream.

16.03.2025 - ENS Crypto was down 6.2%

• The bearish movement in ENS could be attributed to a sophisticated phishing attack exploiting a Google vulnerability, causing concerns among investors and leading to a sell-off.
• A security breach highlighted by the ENS developer may have shaken investor confidence in the project, leading to a negative sentiment and a decline in the token's price.
• Investors in the cryptocurrency market are particularly sensitive to security issues, and any news of vulnerabilities or attacks can trigger a swift market reaction, as seen in the case of ENS today.

01.03.2025 - ENS Crypto was up 5.1%

• A partnership with Para Wallet aims to streamline registration processes, potentially boosting ENS adoption and platform usefulness.
• An incident involving zkLend and a phishing scheme might have prompted worries about DeFi security, pushing investors to consider more secure options like ENS.
• The joint effort of ENS and Para Wallet may have fostered positive sentiment, fueling demand for ENS tokens and contributing to the market's bullish momentum.

12.05.2025 - ENS Crypto was down 7.6%

• Experienced a sharp decline within the crypto market.
• Bitcoin's closure below $109,000 impacted various top altcoins including Ethereum, Ripple's XRP, Solana, and Dogecoin.
• The bearish trend in ENS is possibly linked to market sentiment and investor profit-taking.
• Market uncertainty heightened by the impending GENIUS Act contributed to the downward pressure on ENS and other altcoins.

02.02.2025 - ENS Crypto was up 11.8%

• ENS experienced a strong bullish movement today, possibly influenced by positive market sentiment and growing interest in decentralized services.
• The upward trend could also be linked to specific advancements within the ENS ecosystem, including new partnerships or technological progress.
• The general positive market atmosphere in the cryptocurrency space might have played a role in ENS's rise, with investors focusing on high-potential assets like ENS in favorable market conditions.
• Being recognized as one of the weekly standout performers in the crypto market further emphasizes the optimistic momentum and investor enthusiasm surrounding the token.

28.02.2025 - ENS Crypto was down 5.0%

• The partnership between ENS and Para Wallet to simplify registration may have been perceived as a positive development for the ENS ecosystem.
• However, the bearish movement could be attributed to profit-taking by traders following a recent price surge or a broader market correction in the cryptocurrency space.
• Investors might be waiting for more concrete results or market adoption from the collaboration before committing further, leading to a temporary downturn in ENS's price.