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Ethena rebounds to $0.193 after Binance buys $24M ENA to recover stolen tokens post-hack

Market News
01 Nov 2026, 02:00 WIB
AMBCrypto
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Bullish
Ethena rebounds to $0.193 after Binance buys $24M ENA to recover stolen tokens post-hack

After a hack on Binance led to the theft and dumping of 217.5 million Ethena (ENA) tokens worth $33.9 million, ENA's price dropped to $0.16. Binance responded by purchasing $24 million worth of ENA through OTC deals to recover stolen funds and support the price. This recovery effort helped ENA bounce back to $0.193, up 16% from its low, despite a 55% drop in spot trading volume. Large outflows from exchanges suggest investors are either buying the dip or moving assets to safer storage, indicating cautious optimism for ENA's price stability and potential further gains.

Ethena (ENA) is trading at Rp3.421 on Pluang as of Nov 01, 2026 06:21 WIB, showing a slight 1.44% decline in the past day. The platform records a market cap of Rp45.92 trillion and a 24-hour trading volume of Rp5.25 trillion. Despite recent price fluctuations, Pluang users have a buying interest with 62% of orders on ENA being buys and an average holding period of 45 days.

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