Ethena Drops 4.94% in One Hour to $0.1962, With $530,000 in Long Liquidations

Ethena (ENA) was at $0.1962 on Binance spot ENA/USDT at 6:35 p.m. ET on Oct. 23 (22:35 UTC), down 4.94% over the preceding hour.

The quote one hour earlier, at 5:35 p.m. ET (21:35 UTC), was $0.2064. That is a $0.0102 drop per ENA across the interval. The 24-hour change was down 1.01%, less than the measured hourly decline. The hourly percentage is based on the two Binance spot observations for the same ENA/USDT pair.

Combined ENA liquidations across Binance, Bybit and OKX totaled $530,000 for long positions and $0 for short positions during that hour. The tally covers the same one-hour period as the quoted price move.

Ethena’s market capitalization was about $2.75883 billion, ranking the token 39th by market value. The figures show a sharper intrahour decline than its 24-hour change, alongside liquidations concentrated in long positions.