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Ethena Gains 10.29% in 24 Hours as Short Liquidations Reach $80,000

The Binance ENA/USDT pair reached $0.2165 at 12:15 p.m. ET Thursday; short liquidations totaled $80,000 against $10,000 for longs across three exchanges.

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An editorial graphic contrasts short and long liquidation markers beside an unmarked token on a neutral surface. / EconoTimes.ai
An editorial graphic contrasts short and long liquidation markers beside an unmarked token on a neutral surface. / EconoTimes.ai

Ethena (ENA) was up 10.29% over 24 hours in a Binance spot-market snapshot Thursday, while a separate three-exchange tally showed a greater dollar value in short liquidations than in long liquidations.

At 12:15 p.m. ET Thursday (16:15 UTC), Binance’s ENA/USDT spot market quoted the token at $0.2165, compared with $0.2014 four hours earlier. The $0.0151 increase represented a 7.5% rise; the 24-hour reading at that time was up 10.29%.

Across Binance, Bybit and OKX, the one-hour tally recorded $80,000 in short liquidations and $10,000 in long liquidations. Short positions are bets on price declines, while long positions are bets on gains.

As of 16:26 UTC, ENA was trading at $0.2151, up 9.85% over 24 hours. For an explanation of the two measurement windows, see the earlier EconoTimes comparison of ENA’s daily and four-hour readings.

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