ENA Token Drops 13.61% Amid Binance US Listing and Coinbase Roadmap Announcement, Trading Volume Surges

Ethena (ENA) experienced a significant price decline of approximately 13.61% over the past 24 hours, with the current price at $0.2913 (based on Binance data). This sharp drop follows heightened market activity and volatility surrounding its recent listing on Binance US and its addition to the Coinbase asset roadmap. While such major exchange developments typically increase visibility and trading volume, the market has responded with notable price swings, likely influenced by profit-taking, increased token unlocks, and mixed sentiment from technical analysts. Despite a 24-hour trading volume of $296 million and a market cap of $1.73 billion, ENA remains volatile, reflecting both the impact of recent exchange listings and broader uncertainty in the short term.