ENAEthena Price

On August 22, according to Poloniex market data, ENA surged over 19% in the last 24 hours, currently priced at $0.1409, with a market cap rising to $1.387 billion. In related news, on August 11, Arthur Hayes expressed optimism about ENA, suggesting that if increased dollar liquidity drives up BTC, the rebound in Bitcoin basis returns could attract funds back into USDe, and he stated that ENA has the potential to achieve a fivefold increase in the coming months. On August 13, USDe issuer Ethena announced a partnership with digital asset primary broker FalconX to become its institutional loan partner. Ethena will invest in FalconX Global's stablecoin loan arrangements through over-collateralization as part of its institutional loan allocation.

On August 22, according to Poloniex market data, ENA surged over 19% in the last 24 hours, currently priced at $0.1409, with a market cap rising to $1.387 billion. In related news, on August 11, Arthur Hayes expressed optimism about ENA, suggesting that if dollar liquidity increases and drives up BTC, the rebound in Bitcoin basis returns could attract funds back into USDe, and he mentioned that ENA has the potential to increase fivefold in the coming months. On August 13, USDe issuer Ethena announced a partnership with digital asset primary broker FalconX to become its institutional lending partner. Ethena will invest in FalconX Global's stablecoin lending arrangements through over-collateralization as part of its institutional loan allocation.

On June 5, on-chain analyst Yu Jin reported that Multicoin Capital transferred 54.65 million ENA (valued at $5.12 million) to Galaxy Digital four hours ago, likely for an OTC sale. ENA has dropped 14% in the past 24 hours. These ENA tokens were received from the project wallet last October, when they were valued at $25.1 million, but have since shrunk by 80%. Despite the significant loss in value, this address has made a profit of $28.3 million on HYPE: In January, they purchased 1.355 million HYPE at $29; in March, they sold half at $34, retaining the other half.