ENA (Ethena) has pumped 9.84% in the last 24 hours.

Gate News Bot news, August 11, according to CoinMarketCap data, as of the time of writing, ENA (Ethena) is currently priced at $0.82, with a rise of 9.84% in the last 24 hours, reaching a high of $0.82 and a low of $0.56, and a 24-hour volume of $1.458 billion. The current market capitalization is approximately $5.42 billion, an increase of $486 million compared to yesterday.

Ethena is a digital dollar platform that provides digital dollar services for the internet economy. Its main products USDe and sUSDe offer users global instant access to dollar savings accounts. Ethena emphasizes transparency, providing real-time asset information, weekly reserve proofs, and monthly custodian proofs. The platform also collaborates with multiple DeFi projects and exchanges to expand the use cases of USDe.

Recent important news about ENA:

1️⃣ Institutional investors massively transfer ENA In the past 12 hours, 5 Ethena institutional investor addresses have transferred a total of 40.217 million ENA to the exchange, valued at approximately 29.8 million USD. Notable institutional investors such as Strobe Ventures and Amber Group were involved. This large-scale transfer may suggest that institutional investors are adjusting their ENA holding strategies.

2️⃣ Ethena total locked volume hits an all-time high The total locked amount of Ethena has surged by 50% in the past 30 days, breaking its historical high, reaching 8.5 billion USD. This growth rate sets the fastest growth record in the project's history, demonstrating the strong confidence of the market in the Ethena project and providing long-term support for the ENA price.

3️⃣ New liquidity leverage feature launched Ethena Labs has launched a new Liquid Leverage feature on the Aave platform. This feature allows users to deposit 50% sUSDe and 50% USDe, and earn an annual percentage yield (APY) reward of approximately 12%. This innovative initiative is expected to attract more users to participate, further enhancing the project's liquidity and usage.

From a technical perspective, the ENA price has experienced significant fluctuations over the past few days. While the large-scale transfer by institutional investors may bring short-term pressure, the continuous rise in total locked volume and the introduction of new features provide support for the ENA price. Investors should closely monitor price trends and changes in volume, remaining vigilant for potential further fluctuations in the short term.

This message does not constitute investment advice, and investors should be aware of market volatility risks.