{"id":408464,"date":"2025-10-18T19:34:56","date_gmt":"2025-10-18T14:04:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethena-ena-price-outperforming-only-reason-crypto-news\/"},"modified":"2025-10-18T19:49:41","modified_gmt":"2025-10-18T14:19:41","slug":"ethena-ena-price-outperforming-only-reason-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethena-ena-price-outperforming-only-reason-crypto-news\/","title":{"rendered":"Ethena (ENA) Price Outperforming: Only Reason &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article__contents\">\n<ul class=\"article__contents-list\">\n<li class=\"article__contents-item\"><a rel=\"nofollow\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h270913\">Ethena (ENA) outperforms all top 100 cryptos, here is why<\/a><\/li>\n<li class=\"article__contents-item\"><a rel=\"nofollow\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h370913\">Ethena&#8217;s USDe cements itself as third biggest stablecoin<\/a><\/li>\n<\/ul>\n<\/div>\n<p>While the rest of cryptocurrencies are struggling to grow in the pessimistic market, Ethena&#8217;s ENA, catalyzed by some on-chain data, is rocketing today. In just a few hours, Ethena&#8217;s (ENA) price on spot exchanges jumped from $0.41 to $0.47.<\/p>\n<h2 id=\"h270913\">Ethena (ENA) outperforms all top 100 cryptos, here is why<\/h2>\n<p>Ethena (ENA), the core native cryptocurrency asset of an on-chain stablecoin protocol, is the best performer across all top 100 cryptocurrencies today. While the market benchmark is only up by 1.77%, ENA&#8217;s price added almost 9% in 24 hours.<\/p>\n<figure><figcaption><em>Image by <\/em><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/view\/stablecoin\/\"><em>CoinMarketCap<\/em><\/a><\/figcaption><\/figure>\n<p>Today in the early morning hours, the price of Ethena (ENA) peaked at $0.47, while the capitalization of the asset reached $3.35 billion. ENA is now the 32nd largest crypto by market cap.<\/p>\n<p>The fact that crypto enthusiasts spotted that Ethena&#8217;s founder Guy Young purchased $25 million worth of ENA on the open market might be behind the upsurge of ENA.<\/p>\n<figure><img decoding=\"async\" alt=\"Article image\" src=\"https:\/\/u.today\/sites\/default\/files\/inline-images\/image_2920.png\" data-entity-uuid=\"2355cad4-35c1-42eb-89ed-cfd69c91b52d\" data-entity-type=\"file\"\/><figcaption><em>Image via <\/em><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/KRMA_0\/status\/1979249503149375525\"><em>X<\/em><\/a><\/figcaption><\/figure>\n<p>Also, Andrew Kang, a cryptocurrency entrepreneur and investor, co-founder of top VC firm Mechanism Capital, still has his ENA long opened.<\/p>\n<p>Combined, these factors are treated as bullish signals by the market.<\/p>\n<h2 id=\"h370913\">Ethena&#8217;s USDe cements itself as third biggest stablecoin<\/h2>\n<p>Together with Hyperliquid, Polymarket and EigenLayer, Ethena is among the most talked-about protocols of this crypto cycle.<\/p>\n<p>The project offers its own stablecoin USDe as well as &#8220;white label&#8221; infrastructure for stablecoin development on third party platforms.<\/p>\n<p>USDe is the largest stablecoin alongside the USDT\/USDC duopoly. Its capitalization exceeds $12 billion, while its closest competitor DAI sits at $5 billion.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethena (ENA) outperforms all top 100 cryptos, here is why Ethena&#8217;s USDe cements itself as third biggest stablecoin While the rest of cryptocurrencies are struggling to grow in the pessimistic market, Ethena&#8217;s ENA, catalyzed by some on-chain data, is rocketing today. In just a few hours, Ethena&#8217;s (ENA) price on spot exchanges jumped from $0.41 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":408465,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-408464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=408464"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408464\/revisions"}],"predecessor-version":[{"id":408466,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/408464\/revisions\/408466"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/408465"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=408464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=408464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=408464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}