ENA (Ethena) has risen 5.82% in the last 24 hours.

Gate News Bot news, on August 8, according to CoinMarketCap, as of the time of writing, ENA (Ethena) is currently priced at $0.64, rising 5.82% in the last 24 hours, with a peak of $0.66 and a low of $0.51. The 24-hour volume reached $875 million. The current market capitalization is approximately $4.212 billion, an increase of $232 million compared to yesterday.

Important recent news about ENA:

1️⃣ A large amount of ENA tokens flowing into the exchange

In the past two weeks, approximately 250 million ENA have been deposited into exchanges. This large-scale token transfer may suggest that some investors intend to sell, creating short-term pressure on the ENA price. However, the current ENA price still shows a rise trend, indicating that the market remains confident in the project.

2️⃣ Ethena's total locked volume reaches a historic high

The total locked value of Ethena has surged by 50% in the past 30 days, breaking its historical high, reaching 8.5 billion USD. This growth rate marks the fastest increase in the project's history, demonstrating strong market confidence in the Ethena project and providing long-term support for the ENA price.

3️⃣ Launch a new liquidity leverage feature

Ethena Labs has launched a new Liquid Leverage feature on the Aave platform. This feature allows users to deposit 50% sUSDe and 50% USDe, earning approximately 12% annual percentage yield (APY) rewards. This innovative initiative is expected to attract more users to participate, further enhancing the project's liquidity and usage.

From a technical perspective, the ENA price has experienced significant fluctuations over the past few days. Although there was a pullback, it is currently showing a rebound trend. The current price is in the middle of the recent volatility range, and investors should closely monitor price movements and volume changes, being wary of potential further fluctuations in the short term.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.