# ENA Token Drops to $0.17 After Binance Breach and Supply Events

By [The BSCN Debrief](https://paragraph.com/@bscnalpha), 2026-11-03

bsc news brief, crypto news

---

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](https://bsc.news/news/ethena-ena-falls-binance-hack-selling?utm_source=paragraph&utm_medium=brief&utm_campaign=article_wire)

_Want the day's biggest crypto stories in one email each morning?_ [Subscribe to The BSCN Debrief](https://paragraph.com/@bscnalpha/subscribe)

---

*Originally published on [The BSCN Debrief](https://paragraph.com/@bscnalpha/ena-token-drops-to-dollar017-after-binance-breach-and-supply)*