Ethena (ENA) has seen its price fall by 10% following significant net outflows totaling $572 million. The decline was further exacerbated by a $4.56 million token unlock and a sharp drop in daily revenue, which has decreased to $1,817. Additionally, the protocol's transaction volume has fallen to 24,500, indicating reduced activity.
StealthEx CEO Maria Carola pointed to macroeconomic pressures and uncertainty surrounding Federal Reserve policies as key factors contributing to the sell-off. The combination of these elements has led to increased volatility and investor caution in the market.
Ethena (ENA) Plummets 10% Amid $572M Outflows and Revenue Decline
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