Ethena's ENA Slips to $0.22 After Tripling; USDe Supply Jumps 20.2%
- —ENA fell 2.9% to $0.22, pulling back from late-September high near $0.29
- —USDe supply grew 20.2% in September to $4.90 billion
- —USDe overtook DAI to become the fourth-largest stablecoin
- —Ethena closed scheduled investor token unlocks on October 5
Why it matters: USDe's growth and Ether.fi's launch on Ethena's infrastructure support fundamentals, but the price pullback and completed unlocks weigh on ENA in the near term.
Source: CoinCentral