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Grayscale Investments rebalanced its crypto portfolios for Q1 2026, removing Aerodrome Finance from its DeFi Fund and adding Ethena, which saw its price rise 4%.
More than $229 million worth of tokens from projects including Hyperliquid (HYPE), Ethena (ENA), and RedStone (RED) are scheduled to unlock this week, raising the potential for increased market volatility.
Ethena is reportedly conducting a token buyback equivalent to 25% of its circulating supply, sparking debate over whether it is a genuine market purchase or an internal asset transfer.
Ethena's synthetic dollar, USDe, experienced a supply contraction of over $1.6 billion in late April 2026, triggered by a broader de-risking in the DeFi market following a major exploit.
Ethena (ENA) current price is $0.130826, down 1.75% today.
Ethena (ENA) daily trading volume is $135.8M
Ethena (ENA) current market cap is $1.1B
Ethena (ENA) current circulating supply is 9.0B
Ethena (ENA) fully diluted market cap (FDV) is $1.9B
Ethena (ENA) is founded by Guy Young
