Current Price & Metrics (as of August 5, 2025)
ENA/USDT is trading at approximately $0.57–0.59, with a circulating supply of ~6.62 billion tokens and a market cap near $3.8–3.9 billion
All-time high: $1.52 (reached April 2024)
All-time low: $0.195 (Sept 2024)
Ethena’s design as a synthetic stablecoin protocol powered by market-driven strategies makes ENA an innovative governance token in DeFi. The token has shown impressive resilience and growth despite a large token unlock event. However, investors should weigh the risks of high supply volatility, dependence on futures funding rates, and the behavior of large holders. If bullish momentum sustains, #ENA may challenge resistance zones near $0.68–$0.70.