ENA token fell 6.57% to about $0.219 on Oct. 8 as net withdrawals from the Ethena protocol reached $104.08 million, the largest since July. The token traded below its 20-day moving average, with a neutral RSI of 50.64. These withdrawals indicate capital leaving Ethena but do not prove users sold ENA or caused the price drop. Ethena's governance proposal links future ENA buybacks to USDe supply milestones, aiming to allocate most net revenue to buybacks after the first milestone. The recent withdrawals and price decline are separate market signals without confirmed causality.
On Pluang, ENA trades at Rp3,929 with a 1-day decline of 6.32% as of Oct 08, 2026 17:21 WIB. The token's market cap stands at Rp53.16 trillion, supported by a 24-hour trading volume of Rp7.11 trillion. Pluang order activity shows a strong buy interest at 77%, with typical holders retaining ENA for about 44 days.
Ethena (ENA) has fallen from $0.26 to around $0.219 after a reported $3.45 million token sale by the team and significant protocol outflows totaling about $104 million. The price drop pushed ENA below its 20-day EMA, signaling weaker momentum, while ...
Standard Chartered has set formal price targets for Ethena's ENA token, forecasting it to reach $0.42 by the end of 2026, $1.10 by the end of 2027, and $2.00 by the end of 2028. This bullish outlook depends heavily on the growth of USDe, Ethena's syn...
