Cope

Arthur

USDe

Coin

<ul class="news-points">
 <li><strong>BitMEX Co-founder Arthur Hayes notes the surge of Ethereum-based ENA despite criticism.</strong></li>
 <li><strong>ENA Market cap reaches $1.39 billion, now ranked 68th on CoinMarketCap.</strong></li>
 <li><strong>ENA price surges after pullback, gains 48.65% in 10 days.</strong></li>
</ul>
<p>BitMEX co-founder Arthur Hayes has taken note of Ethena’s (ENA) recent performance, observing that the Ethereum-based synthetic dollar protocol is climbing up the ranks despite widespread criticism. Hayes cited a post by Guy Young, Athena Labs’ founder, who noted that the project has added nearly $450 million in USDe supply in the last 16 days</p>
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   <p lang="en" dir="ltr">All you haters just keep watching <a href="https://twitter.com/search?q=%24ENA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ENA</a> climb up the rankings. Cope harder bitches. <a href="https://t.co/rwzQK83AIg" target="_blank" rel="noopener noreferrer nofollow">https://t.co/rwzQK83AIg</a></p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1794359759648489970?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 25, 2024</a>
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<p>Meanwhile, CoinMarketCap’s <a href="https://coinmarketcap.com/currencies/ethena/" target="_blank" rel="noopener noreferrer nofollow">data</a> shows that ENA has climbed to the 68th position among all 10,043 active cryptocurrencies listed on the leading aggregation platform. The data showed that ENA’s market cap rose by 0.25% in the last 24 hours, reaching an impressive $1.39 billion.</p>
<p>Additional details from CoinMarketCap show that ENA’s volume increased by over 10% in the past 24 hours and was over $314.5 million as of the time of writing. That value…</p>
<p>The post <a href="https://coinedition.com/crypto-underdog-ena-soars-catching-the-eye-of-bitmex-co-founder/" rel="noopener noreferrer nofollow">Crypto Underdog ENA Soars, Catching the Eye of BitMEX Co-Founder</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Crypto Underdog ENA Soars, Catching the Eye of BitMEX Co-Founder

Coin Edition

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