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Ethena (ENA) token drops 7.4% in four hours, nearing $0.20 amid $560K long liquidations

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Ethena (ENA) token drops 7.4% in four hours, nearing $0.20 amid $560K long liquidations

Ethena (ENA) token experienced a sharp decline of 7.40% within four hours, falling to $0.2001 as of 1:18 p.m. ET Thursday, extending its 24-hour loss to 11.81%. The drop was observed on Binance spot ENA/USDT trading pair, where the price fell from $0.2161 to near $0.20. During this period, long liquidations across Binance, Bybit, and OKX reached $560,000, while no short liquidations were recorded. ENA remains ranked 41st by market capitalization at approximately $2.7 billion, indicating significant market activity and potential volatility ahead.

Ethena (ENA) trades at Rp3,576 on Pluang with an 11.04% drop over the past day as of Oct 09, 2026 00:33 WIB, showing notable selling pressure with 41% of orders as sell and a typical hold time of 44 days. The token's market cap stands at Rp49.56 trillion and 24-hour volume is Rp10.47 trillion, reflecting active trading despite recent price declines. This aligns with the sharp losses reported in the news, highlighting ongoing volatility for ENA.

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