ENA Surges 3.33% Amid Token Unlock and Bullish Momentum, Market Cap Nears $2.2 Billion

Ethena (ENA) is currently trading at $0.3785 on Binance, reflecting a 3.33% price increase over the past 24 hours, with substantial trading volume and a market capitalization of approximately $2.15–2.20 billion, ranking #46 by market cap. The recent price uptick is attributed to ongoing bullish sentiment following a period of consolidation after a major rally earlier in May, as well as increased on-chain activity including large token transfers and a significant token unlock event that boosted both trading activity and technical indicators. These factors, combined with positive short-term momentum and heightened analyst expectations for a potential upward breakout, have contributed to the observed price gains in the last 24 hours.