Key Notes

140 million ENA have been withdrawn from exchanges in the past four days.

Ethena’s TVL surged to just below $12 billion, reflecting growing adoption.

ENA is currently trading around $0.66, up by 3% in the past 24 hours.

While the broader crypto market remains flat, Ethena ENA $0.65 24h volatility: 2.4% Market cap: $4.30 B Vol. 24h: $536.75 M has gained 3% in the past day, showing resilience amid uncertainty.

At the time of writing, the 32nd largest cryptocurrency trades around $0.66 with a market cap of $4.38 billion.

This comes as ENA exchange reserves saw a significant drop recently. According to data shared by Ali Martinez, over 140 million ENA tokens have been moved off exchanges in the past four days.

140 million Ethena $ENA withdrawn f

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