ENA Token Surges 3.19% Amid Major Unlock and $12.77B TVL Boost on Binance

Ethena (ENAUSDT) experienced a 3.19% price increase over the last 24 hours, rising from 0.6366 to 0.6569 on Binance. The recent price movement can be attributed to a combination of factors: a large token unlock of approximately 171.85 million ENA and a subsequent transfer of 7 million ENA increased short-term supply, while the protocol’s total value locked in USDe surpassed $12.77 billion, supporting overall market confidence. Despite a recent weekly decline, ENA maintains a bullish market structure, holding above key support levels and attracting significant trading activity, with a 24-hour volume exceeding $599 million and a market capitalization above $4.3 billion. No new protocol updates, partnerships, or events were reported in the past week.