Latest ENA news — 25 Sep 2026
$ENA is around $0.225–$0.23, up about 8–11% in the last 24 hours.
Big catalyst: Ethena's governance has moved forward with an ENA fee-switch/buyback mechanism. The proposal links protocol revenue to ENA buybacks, subject to USDe supply milestones.
Ethena Pay is live in beta, expanding USDe into payments. It offers transfers, a card and rewards, and is built on Avalanche.
Main near-term risk: there is significant investor-token supply scheduled to become liquid around early October. Reports estimate roughly 1.33B ENA associated with the October 5 release, although token-unlock trackers show additional scheduled releases on October 2, so the exact supply event should be checked against the official schedule.
Current narrative: the market is balancing the positive fee-switch/USDe-growth story against the upcoming supply unlock.
Key thing to watch now: whether ENA can maintain the recent momentum before the October unlock.
If you want, I can also give you ENA support/resistance + the latest $0.30/$0.50 scenario.#ENA走势分析 #ENA智能策略库🥇🥇 #ENAUSDTAnalysis #cryptocoinze
$ENA is around $0.225–$0.23, up about 8–11% in the last 24 hours.
Big catalyst: Ethena's governance has moved forward with an ENA fee-switch/buyback mechanism. The proposal links protocol revenue to ENA buybacks, subject to USDe supply milestones.
Ethena Pay is live in beta, expanding USDe into payments. It offers transfers, a card and rewards, and is built on Avalanche.
Main near-term risk: there is significant investor-token supply scheduled to become liquid around early October. Reports estimate roughly 1.33B ENA associated with the October 5 release, although token-unlock trackers show additional scheduled releases on October 2, so the exact supply event should be checked against the official schedule.
Current narrative: the market is balancing the positive fee-switch/USDe-growth story against the upcoming supply unlock.
Key thing to watch now: whether ENA can maintain the recent momentum before the October unlock.
If you want, I can also give you ENA support/resistance + the latest $0.30/$0.50 scenario.#ENA走势分析 #ENA智能策略库🥇🥇 #ENAUSDTAnalysis #cryptocoinze
