Ethena’s ENA drops to $0.17 as altcoins slide and hack-linked selling lingers
$ENA trades around $0.17, down more than 6% in the past 24 hours, amid a wider altcoin dip that also hit $NEAR, $ZEC and $WLD by 5% or more, while Bitcoin slipped about 1.2%. Over the past 7 days, ENA has lost about 18%, against ~4% for Bitcoin and ~3% for ETH.
The drop followed Thursday’s Binance hack, after which the attacker sold about 217.5M stolen ENA for ETH, per Lookonchain.
@ethena also has scheduled token unlocks this week, which are adding fresh supply to the market.