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Ethena (ENA) drops 7.12% in one hour amid $2.44M long liquidations on major exchanges

Market News
05 Nov 2026, 18:05 WIB
Tokenpost
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Bearish
Ethena (ENA) drops 7.12% in one hour amid $2.44M long liquidations on major exchanges

Ethena (ENA) experienced a sharp 7.12% price drop within one hour to $0.1618 on November 5, with a total 24-hour decline of 12.54%. This downturn coincided with $2.44 million in long position liquidations across Binance, Bybit, and OKX, signaling strong selling pressure. ENA's market capitalization stands at approximately $2.3 billion, ranking it 42nd by market value. The rapid decline highlights volatility risks for investors in this digital asset.

Ethena (ENA) on Pluang trades at Rp3.001 as of Nov 05, 2026 23:22 WIB, down 10.98% in 24 hours, a slightly smaller drop compared to the 12.54% decline reported in the article. Its market cap on Pluang is Rp40,68 trillion, showing a substantial scale compared to its circulating supply at 90%. The 46% sell order activity on Pluang contrasts with the strong selling pressure noted in the article's liquidation data, highlighting active trading dynamics.

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