$ENA The price of Ethena (ENA) has seen significant fluctuations recently. As of the last price update, ENA was trading at approximately $1.19, experiencing a 2.60% increase in the last 24 hours. Over the past 7 days, Ethena has witnessed a 1.60% price increase, indicating a positive trend in its market value. The circulating supply of Ethena is 1.4 Billion ENA, and its total supply stands at 15,000,000,000 ENA. This data reflects the current state of ENA in the cryptocurrency market as of the most recent update.

Regarding recent news, Ethena's native cryptocurrency has captured market attention with a price surge of 10%. This surge is attributed to significant attention flows and controversy surrounding the project, with many short positions built around the early token generation event (TGE) prices now underwater. This situation suggests a potential for a short squeeze, which could further impact the price of Ethena.

Furthermore, a notable development within the Ethena ecosystem includes the airdrop of 750 million $ENA (5% of the total supply) in Season 1. This airdrop, along with the project's focus on providing a synthetic dollar protocol and a globally accessible savings instrument, has garnered interest from investors and crypto enthusiasts alike.

As Ethena continues to evolve and gain traction in the DeFi space, its price and news developments will be closely watched by the crypto community.