🐳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.

đŸ’Œ 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. 📉