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Ethena (ENA) price drops nearly 5% in one hour with $530K long liquidations on Binance and others

Market News
23 Oct 2026
Tokenpost
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Bearish
Ethena (ENA) price drops nearly 5% in one hour with $530K long liquidations on Binance and others

Ethena (ENA) saw its price fall from $0.2064 to $0.1962 within one hour on October 23, representing a 4.94% decline. This drop was sharper than its 24-hour decrease of 1.01%. During the same hour, long position liquidations on Binance, Bybit, and OKX totaled $530,000, while no short positions were liquidated. Ethena's market cap stands at about $2.76 billion, ranking it 39th by market value, highlighting notable short-term selling pressure concentrated on long holders.

Ethena (ENA) trades at Rp3.528 on Pluang as of Oct 24, 2026 06:02 WIB, down 0.90% over the past day. The platform shows a market cap of Rp47.88 trillion and a 24-hour trading volume of Rp8.11 trillion, with 66% of orders selling and a typical hold time of 45 days. This steady sell pressure on Pluang complements the short-term volatility and liquidations reported in the news.

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