ENA (Ethena) has pumped 3.75% in the last 24 hours

Gate News Bot news, on August 7th, according to CoinMarketCap, as of the time of writing, ENA (Ethena) is currently priced at 0.60 USD, having pumped 3.75% in the last 24 hours, reaching a high of 0.68 USD and a low of 0.51 USD, with a 24-hour volume of 628 million USD. The current market capitalization is approximately 3.978 billion USD, an increase of 144 million USD compared to yesterday. ENA is currently ranked 31st in global Crypto Assets market capitalization.

Recent important news about ENA:

1️⃣ A large amount of ENA coins deposited into the exchange In the past two weeks, 250 million ENA have been deposited into the exchange. 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 rising trend, indicating that the market remains confident in the project.

2️⃣ Ethena Total Locked Value (TVL) Hits All-Time High The total locked volume of Ethena surged by 50% in the past 30 days, breaking its historical high and reaching $8.5 billion. This growth rate marks the fastest growth record in the project's history, demonstrating strong market confidence in the Ethena project and providing long-term support for the ENA price.

3️⃣ Ethena Labs launches 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 price of ENA has experienced significant fluctuations over the past few days. Although there was a pullback, it has currently shown a rebound trend. The current price is in the middle of the recent fluctuation range, and investors should closely monitor price trends and volume changes, staying alert to potential further fluctuations in the short term.

This message is not an investment advice, and investors should pay attention to market volatility risks.