🐳Ethena Whale Takes $2.71M Hit as ENA Token Drops 38% in a Month

Ethena's ENA token has faced a significant decline in value amid the prevailing bearish sentiment in the global crypto market. The token's price has dropped by over 38% in the past month, reflecting widespread investor pessimism.

💰 Recent Price Movement

In the last seven days, the ENA token fell by an additional 10%, trading at $0.8045 with a 5.41% decrease in the past 24 hours. This ongoing decline underscores the token's struggle to maintain value amidst market uncertainties.

💼 Market Capitalization and Trading Volume

ENA's intraday market capitalization decreased by 5.35% to $1.2 billion, positioning it as the 65th largest by market cap. The trading volume also diminished by 11.77% over the last 24 hours, reflecting the token's descending trajectory in the market. 📉