ENA Token Sees 6% Dip Amid $1.13B Trading Surge and Institutional Investment Momentum

Ethena (ENA) experienced a 6.14% price decline over the last 24 hours, with the ENAUSDT pair currently trading at 0.7233 on Binance, down from a 24h open of 0.7706. The recent price drop follows a period of strong bullish momentum driven by significant capital inflows into Ethena Labs' Liquid Leverage product, institutional interest including a $1.46 million investment by Arthur Hayes, and ecosystem expansion through increased Aave limits and rapid USDe stablecoin supply growth. Despite the short-term pullback, ENA maintains robust trading activity with 24-hour volumes exceeding $1.13 billion and a market capitalization near $5 billion, reflecting continued investor engagement and a weekly gain of over 15%.