Ethena, the protocol behind the stablecoin USDe, clarified that its exposure to the recent Binance hack is limited to $8.8 million in unrealized profit and loss, which is well covered by its excess reserve fund of over $60 million. The team emphasized that all USDe backing is held offchain with custodians, not on centralized exchanges like Binance. Despite community concerns due to Ethena's partnerships involving Binance and other crypto platforms, the majority of USDe collateral is in DeFi lending and securely managed. Independent verifications confirm USDe remains overcollateralized, reducing contagion risk from the Binance exploit. However, the Binance attacker sold $33 million worth of Ethena's ENA tokens, causing a price drop, and it remains to be seen if Ethena's reassurances will stabilize the market.
Ethena's ENA token is trading at Rp3.397 on Pluang, down 12.40% in the last day as of Oct 31, 2026 00:22 WIB. The market cap stands at Rp46.22 trillion with a 24-hour volume of Rp26.83 trillion. Pluang order activity shows 40% sell and 60% buy, with a typical hold time of 45 days, reflecting active trading despite recent price pressure.
Ethena (ENA) saw its price increase by 4.18% within one hour to $0.1945 on Binance, despite a 7.16% decline over the past 24 hours. This short-term gain contrasts with the overall daily loss, showing volatility in the token's price. During the same h...
Ethena (ENA) saw a 7.14% price increase in a four-hour period, reaching $0.1845 on Binance's ENA/USDT market. However, over the full 24 hours, the token's price was still down 5.67%. With a market cap of about $2.44 billion, ENA ranks 41st among cryp...
Seven cryptocurrencies, including Pepe (PEPE) and Ethena (ENA), rebounded from recent lows after two large traders opened combined long positions worth about $7.1 million on Hyperliquid. PEPE rose about 12% and ENA about 10% from their lows, while Un...
An on-chain analyst linked several wallets involved in the Binance hack, tracking the exchange of about $158.25 million worth of altcoins into 70,480 Ether (ETH). The tokens swapped included large amounts of Uniswap (UNI), Ethena (ENA), Pepe (PEPE), ...
Ethena (ENA) saw its price increase by 5.03% to $0.1755 within one hour ending at 9:28 p.m. ET on October 29, based on Binance spot quotes. During the same period, liquidations of $20,000 each for long and short positions occurred across Binance, Byb...
