Ethena (ENA) Price Today: ENA Slips 11% as Binance Attacker Sells 217.5M Tokens for $33.9M

Ethena’s governance token ENA traded near $0.1879 on October 30, down 11.4% over the prior 24 hours, after the wallet behind the Binance exploit sold 217.5 million ENA for $33.93 million as part of a wider conversion of seven stolen altcoins into Ether. The sale, which Lookonchain documented at an exit near $0.16 per token, pushed ENA to an intraday low of $0.1662 before buyers returned. Ethena Labs separately said its USDe stablecoin carries about $8.8 million of unrealized profit-and-loss exposure to Binance against an excess reserve fund above $60 million.

Source: Blockchain Reporter