Gate News Bot news, on September 2, according to CoinMarketCap, as of the time of this report, ENA (Ethena) is currently priced at 0.65 USD, with a rise of 2.08% in the last 24 hours, reaching a high of 0.68 USD and a low of 0.61 USD. The current market capitalization is approximately 4.311 billion USD, an increase of 87.7 million USD compared to yesterday.
Ethena is an internet economy platform focused on digital dollars. Its main product, USDe, has a supply of 10.42 billion USD, and users can earn an annualized return of 5% through sUSDe. Ethena also offers USDtb, with a supply of 1.46 billion USD. The platform supports 24 blockchains and has 765,000 users. Ethena emphasizes transparency, providing real-time asset support information, weekly reserve proofs, and monthly custodian proofs. Its protocol support ratio is 100.84%, and it offers minting and redemption services 24/7.
Important news about ENA recently:
1️⃣ Public company strategic layout ENA, enhance market recognition
NYSE American listed company Mega Matrix announced the establishment of a stablecoin governance token treasury with Ethena governance token ENA as the main strategic reserve asset. This move is expected to increase the demand for ENA and enhance its recognition among institutional investors, providing support for the rise in ENA price.
2️⃣ Large-scale capital movements attract market attention
On-chain data shows that a new crypto wallet has rapidly withdrawn approximately 1.6 million ENA tokens from a centralized exchange, worth about 1.03 million USD. This significant capital movement may affect the short-term supply and demand relationship of ENA and become a factor driving price fluctuations.
3️⃣ Market sentiment improves, bullish pressure alleviates
Previously, a trader incurred a loss of about $1.85 million on a long position in ENA tokens and added an additional 1.7 million USDC as extra margin to avoid liquidation. With the rebound of ENA prices, the negative market sentiment caused by this event has been alleviated, helping to restore investor confidence.
From a technical perspective, the ENA price has shown significant fluctuations in the past few days, first experiencing a large pump of 8.27%, followed by a 8.25% pullback, and finally achieving a moderate rise of 2.08% in the last 24 hours. This price trend reflects the changes in market sentiment and the speculation of short-term investors. On the fundamental side, Ethena, as the issuer of the world's third-largest stablecoin asset USDe, continues to be recognized for its market position and development potential, providing support for the long-term value of ENA.
This message is not investment advice; investors should be aware of market volatility risks.
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ENA (Ethena) has pumped 2.08% in the last 24 hours.
Gate News Bot news, on September 2, according to CoinMarketCap, as of the time of this report, ENA (Ethena) is currently priced at 0.65 USD, with a rise of 2.08% in the last 24 hours, reaching a high of 0.68 USD and a low of 0.61 USD. The current market capitalization is approximately 4.311 billion USD, an increase of 87.7 million USD compared to yesterday.
Ethena is an internet economy platform focused on digital dollars. Its main product, USDe, has a supply of 10.42 billion USD, and users can earn an annualized return of 5% through sUSDe. Ethena also offers USDtb, with a supply of 1.46 billion USD. The platform supports 24 blockchains and has 765,000 users. Ethena emphasizes transparency, providing real-time asset support information, weekly reserve proofs, and monthly custodian proofs. Its protocol support ratio is 100.84%, and it offers minting and redemption services 24/7.
Important news about ENA recently:
1️⃣ Public company strategic layout ENA, enhance market recognition NYSE American listed company Mega Matrix announced the establishment of a stablecoin governance token treasury with Ethena governance token ENA as the main strategic reserve asset. This move is expected to increase the demand for ENA and enhance its recognition among institutional investors, providing support for the rise in ENA price.
2️⃣ Large-scale capital movements attract market attention On-chain data shows that a new crypto wallet has rapidly withdrawn approximately 1.6 million ENA tokens from a centralized exchange, worth about 1.03 million USD. This significant capital movement may affect the short-term supply and demand relationship of ENA and become a factor driving price fluctuations.
3️⃣ Market sentiment improves, bullish pressure alleviates Previously, a trader incurred a loss of about $1.85 million on a long position in ENA tokens and added an additional 1.7 million USDC as extra margin to avoid liquidation. With the rebound of ENA prices, the negative market sentiment caused by this event has been alleviated, helping to restore investor confidence.
From a technical perspective, the ENA price has shown significant fluctuations in the past few days, first experiencing a large pump of 8.27%, followed by a 8.25% pullback, and finally achieving a moderate rise of 2.08% in the last 24 hours. This price trend reflects the changes in market sentiment and the speculation of short-term investors. On the fundamental side, Ethena, as the issuer of the world's third-largest stablecoin asset USDe, continues to be recognized for its market position and development potential, providing support for the long-term value of ENA.
This message is not investment advice; investors should be aware of market volatility risks.