Gate News Bot news, on August 26, according to CoinMarketCap data, ENA (Ethena) is currently priced at 0.63 USD, with a fall of 8.25% in the last 24 hours, reaching a high of 0.77 USD and a low of 0.62 USD. The current market capitalization is approximately 4.161 billion USD, a decrease of 374 million USD compared to yesterday.
Ethena is a platform that provides digital dollars for the internet economy. Its main products include USDe and sUSDe, the latter offering an annual yield of 5%. Ethena emphasizes transparency by providing real-time asset support information, weekly reserve proofs, and monthly custodian proofs. The platform has integrated multiple DeFi applications and exchanges and plans to launch institutional-grade products. Ethena's current protocol support ratio is 100.84%, maintaining nearly 100% mint/redeem availability.
Recent important news about ENA:
1️⃣ Public company Mega Matrix establishes ENA-based stablecoin governance token treasury
NYSE American listed company Mega Matrix announced the establishment of a stablecoin governance token fund with Ethena governance token ENA as the main strategic reserve asset. Mega Matrix will allocate funds to purchase ENA tokens, a move that may increase the demand for ENA and market attention.
2️⃣ Large-scale capital flows attract market attention
On-chain data shows that a new crypto wallet has withdrawn approximately 1.6 million ENA tokens, worth about $1.03 million, in large quantities from a centralized exchange in the past hour. This significant flow of funds may impact the short-term supply and demand dynamics and price trends of ENA.
3️⃣ Large holders' long positions are under pressure
A trader has incurred a loss of approximately $1.85 million on a long position in ENA tokens and has added an additional $1.7 million USDC as margin to avoid liquidation. This event reflects the recent downward pressure in the ENA market, which may affect investor sentiment and market trends.
From a technical perspective, the ENA price has seen a significant fall of 8.25% in the past 24 hours, indicating a relatively negative short-term market sentiment. However, as the issuer of USDe, the world's third-largest stablecoin asset, Ethena still has certain fundamental advantages. Investors need to closely monitor the price trends of ENA and market dynamics.
This message does not constitute investment advice; investors should be aware of market volatility risks.
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ENA (Ethena) falls 8.25% in 24 hours
Gate News Bot news, on August 26, according to CoinMarketCap data, ENA (Ethena) is currently priced at 0.63 USD, with a fall of 8.25% in the last 24 hours, reaching a high of 0.77 USD and a low of 0.62 USD. The current market capitalization is approximately 4.161 billion USD, a decrease of 374 million USD compared to yesterday.
Ethena is a platform that provides digital dollars for the internet economy. Its main products include USDe and sUSDe, the latter offering an annual yield of 5%. Ethena emphasizes transparency by providing real-time asset support information, weekly reserve proofs, and monthly custodian proofs. The platform has integrated multiple DeFi applications and exchanges and plans to launch institutional-grade products. Ethena's current protocol support ratio is 100.84%, maintaining nearly 100% mint/redeem availability.
Recent important news about ENA:
1️⃣ Public company Mega Matrix establishes ENA-based stablecoin governance token treasury NYSE American listed company Mega Matrix announced the establishment of a stablecoin governance token fund with Ethena governance token ENA as the main strategic reserve asset. Mega Matrix will allocate funds to purchase ENA tokens, a move that may increase the demand for ENA and market attention.
2️⃣ Large-scale capital flows attract market attention On-chain data shows that a new crypto wallet has withdrawn approximately 1.6 million ENA tokens, worth about $1.03 million, in large quantities from a centralized exchange in the past hour. This significant flow of funds may impact the short-term supply and demand dynamics and price trends of ENA.
3️⃣ Large holders' long positions are under pressure A trader has incurred a loss of approximately $1.85 million on a long position in ENA tokens and has added an additional $1.7 million USDC as margin to avoid liquidation. This event reflects the recent downward pressure in the ENA market, which may affect investor sentiment and market trends.
From a technical perspective, the ENA price has seen a significant fall of 8.25% in the past 24 hours, indicating a relatively negative short-term market sentiment. However, as the issuer of USDe, the world's third-largest stablecoin asset, Ethena still has certain fundamental advantages. Investors need to closely monitor the price trends of ENA and market dynamics.
This message does not constitute investment advice; investors should be aware of market volatility risks.