Ethena's ENA token fell to approximately $0.17 on Monday, declining over 6% in one day and roughly 18% across the past week. The drop came as attackers from the October 29 Binance security incident sold 217.5 million ENA tokens for $33.93 million, converting them to Ether at around $0.16 per token. The stolen coins were among seven altcoins swapped for a total of 70,480 ETH.
Additional pressure comes from a scheduled token unlock on November 5 that will release 0.88% of circulating supply, valued at $17.86 million. A wallet connected to Ethena also moved 128.6 million ENA worth $24.33 million to Binance, though the transfer's purpose remains unconfirmed. Binance allocated over $6.34 billion to cover user losses.
Read the full story on BSC News: Ethena (ENA) Falls to $0.17 as Binance Hack Selling and Token Unlock Weigh on Price
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