Coinbase, one of the main exchanges of cryptocurrency, has officially included the native token of Ethena, ENA, in its registration roadmap.
The announcement led to a modest price increase of 8.6% in the ENA in the first hours of Asian negotiation on Tuesday.
Coinbase adds ENA to the wheel list
In a declaration shared via X (formerly Twitter), Coinbase Assets confirmed the inclusion of Ethena (ENA). The position specified that the address of the ERC-20 contract of the Token is 0x57e114b691db790c35207b2e685d4a43181e6061.
However, the exchange said that the start of trading ENA will depend on certain conditions. These include increased market support and development of adequate technical infrastructure.
Coinbase mentioned that he would publish a separate announcement once these requirements are filled, guaranteeing gentle integration for traders. ENA now joins Qcad (QCAD) in the roadmap on the Coinbase list, although the list is not exhaustive.
“Transfers and exchanges are not taken care of for these assets or any other active as a registration is officially announced. Deposit of these assets in your Coinbase account before an official announcement may cause permanent loss of funds,” said the scholarship.
After the news, ENA’s price went from $ 0.312 to $ 0.338, marking an appreciation of 8.6%. However, the earnings generated by this announcement were calmed shortly after. Beincryptto data showed that ENA fell $ 0.329 at the time of the editorial staff.
The trading volume for ENA has also jumped. He reached $ 254 million in the last 24 hours, representing an increase of 91.7%. This indicated an increased market activity and the interests of investors.
The observed activity is quite typical of the previous announcements of the Coinbase roadmap, where such news often leads to an increase in prices. However, despite the general trend, ENA gains were relatively modest compared to other assets such as Tokenbot (Clanker), Doginme (Doginme) or Freysa Ai (FAI), which experienced greater overvoltages after a similar addition.
The moment of the announcement of Coinbase is aligning for a critical moment for Ethena. Earlier Monday, more than 40 million ENA tokens, valued at around $ 12 million, were unlocked, which made concerns about a potential sale.
Unlike expectations, the token has remained stable. Beincryptto stressed that ENA only slipped by 1% to the consequences of unlocking.
Non-liability clause
In membership of the Trust project guidelines, Beincrypto has embarked on transparent impartial reports. This press article aims to provide precise and timely information. However, readers are invited to check the facts independently and consult a professional before making decisions according to this content. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
