ENA Token Sees 2% Dip Amid $10B USDe Growth and Surging 411M Trading Volume on Binance

Ethena (ENAUSDT) experienced a 2.05% price decrease over the past 24 hours, currently trading at 0.8107 USDT on Binance. The recent price movement follows a period of bullish momentum driven by the removal of the 'Seed' tag on Binance, increased whale accumulation, and substantial institutional inflows, as well as the rapid growth of Ethena's USDe stablecoin, which surpassed $10 billion in total value locked. Despite breaking key resistance levels and strong trading volume—reaching up to 411 million ENA in 24 hours—short-term price volatility has emerged as traders react to technical resistance and potential profit-taking after the recent rally. The market remains active, with ENA showing high trading volume and ongoing interest from both retail and institutional participants.