ENA (Ethena) rose 10.69% in the last 24 hours.

Gate News Bot news, on November 26, according to CoinMarketCap data, as of the time of writing, ENA (Ethena) is currently priced at $0.29, with a rise of 10.69% in the last 24 hours, reaching a high of $0.29 and a low of $0.22, with a 24-hour volume of $362 million. The current market capitalization is approximately $2.164 billion, which is an increase of $209 million compared to yesterday.

Recent important news about ENA:

1️⃣ Ethena Q3 revenue reached an all-time high Ethena captured fees of approximately $151 million in the third quarter of 2023, setting a new historical high. As of now, Ethena's total revenue has risen to $599 million. This groundbreaking achievement indicates that Ethena's position in the market is continuously strengthening, with significant increases in user activity and platform usage.

2️⃣ Ethena Labs and Nunchi Reach Strategic Cooperation Ethena Labs has established a partnership with Hyperliquid HIP-3 deployer Nunchi. Nunchi is developing perpetual contracts based on yield markets, allowing users to trade RWA interest rates, dividends, and ETH staking yields. This collaboration will bring multiple benefits to the Ethena ecosystem: a portion of Nunchi's revenue will be used to support the Ethena ecosystem, and any potential token issuance by Nunchi will also consider airdropping to the Ethena ecosystem. Furthermore, all initial markets from Nunchi will be quoted in USDe, which is expected to further enhance the use cases and liquidity of USDe.

3️⃣ Large ENA Token Transfer Sparks Market Attention Recently, 9.2936 million ENA (worth approximately 2.5957 million USD) were transferred from Wintermute to an anonymous address. This large transfer has attracted widespread attention from the market and may affect short-term market sentiment and liquidity distribution. Investors should closely monitor subsequent fund flows and potential market impacts.

From a technical perspective, the ENA price has experienced a significant rise in the past 24 hours, breaking through the $0.29 mark and achieving a recent high. This strong performance may be related to the positive factors mentioned above, but investors should remain alert to potential retracement risks.

This message is not intended as investment advice; investors should be aware of market volatility risks.