ENA (Ethena) fell 5.21% in the last 24 hours.

Gate News Bot news, on August 14, according to CoinMarketCap data, as of the time of writing, ENA (Ethena) is currently priced at $0.76, with a fall of 5.21% in the last 24 hours, reaching a high of $0.85 and a low of $0.59. The 24-hour volume has reached $1.127 billion. The current market capitalization is approximately $5.031 billion, a decrease of $277 million from yesterday.

Ethena is a digital dollar platform focused on the internet economy. Its main products, USDe and sUSDe, provide stablecoins and yield products, respectively. sUSDe currently has an annualized yield of 5%, with an average annualized yield of 19% in 2024. The supply of USDe has reached 10.42 billion USD, with more than 765,000 users, covering 24 blockchains. Ethena also offers real-time asset transparency, weekly reserve proofs, and monthly custody certifications to ensure the integrity and security of the platform.

Important news about ENA recently:

1️⃣ Arthur Hayes executes ENA trading strategy Notable investor Arthur Hayes recently conducted significant trading operations on ENA. Two weeks ago, Hayes sold 7.76 million ENA tokens at a price of about $0.595, with a total transaction amount of $4.62 million, making a profit of $1.65 million. Subsequently, Hayes purchased 2.14 million ENA at a price of $0.816 each, with a total investment of $1.75 million. This series of operations demonstrates the active participation of high-level investors in the ENA market, which may influence the decisions of other investors.

2️⃣ Ethena total locked value exceeds 10 billion USD Ethena has become the sixth DeFi protocol to surpass a total locked value (TVL) of $10 billion, and the second non-staking DeFi protocol to reach this milestone after Aave. Currently, Ethena's TVL has reached $11.893 billion, with an annual percentage yield (APY) of 4.72% for sUSDe. This important milestone highlights Ethena's rapid growth and market recognition in the DeFi space.

3️⃣ Institutional investors actively adjust ENA positions Multiple Ethena institutional investor addresses have recently transferred a total of 40.217 million ENA to the exchange, worth approximately 29.8 million USD. The institutions involved in this transfer include well-known investment firms such as Strobe Ventures and Amber Group. This large-scale capital movement indicates that institutional investors are actively adjusting their ENA holding strategies, which may cause some fluctuations in the short-term market.

From a technical perspective, ENA price has experienced significant fluctuations over the past few days. Although large-scale fund transfers by institutional investors may bring short-term pressure, important milestones reached by the project and active participation from well-known investors may provide support for ENA price. Investors should closely monitor price trends and changes in volume, remaining vigilant for potential further fluctuations in the short term.

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