Coinbase, one of the major cryptocurrency exchanges, officially included ENA, an indigenous token of Ethena, into the listing roadmap.
The announcement caused an 8.6%increase in ENA during the early Tuesday in Asia.
Coinbase adds ENA to listed roadmaps.
In the statement shared on X (previous Twitter), Coinbase Assets confirmed the inclusion of ethena (ENA). The post has designated that the token’s ERC-20 contract address is 0x57e14b691db790C35207B2E685D4A43181E6061.
Nevertheless, the exchange clearly stated that the beginning of ENA trading depends on certain conditions. This includes increasing market crystals and developing appropriate technology infrastructure.
COINBASE will announce a separate presentation when these requirements are met to ensure smooth integration to the trader. ENA now joins QCAD (QCAD) in Coinbase’s listing roadmap, but the list is not thorough.
“If this asset is deposited into the Coinbase account before the official announcement can lead to a permanent loss of funds, the transfer and transaction of the assets or other assets will not be supported until this asset is officially announced.
Following the news, the price of the ENA increased from $ 0.312 to $ 0.338, which was an audit of 8.6%. But the benefits generated by this presentation soon subsided. According to Beincrypto data, ENA fell to $ 0.329 at the time of writing.
ENA’s trading volume also surged. In the last 24 hours, it has reached $ 224 million and has increased 91.7%. This indicates that market activities and investors’ interest.
The observed activities are typical of the previous coin base roadmap announcement, which often leads to prices. However, despite the general trend, the benefits of ENA were relatively humble compared to other assets such as Tokenbot (Clanker), Doginme (Doginme) or Freysa AI (FAI).
Coinbase’s presentation timing is consistent with the important moments of Ethena. Early Monday, more than 40 million ENA tokens, worth about $ 12 million, were unlocked, raising concerns about potential selling.
Contrary to expectations, the token has been steadily maintained. Beincrypto stressed that the ENA slipped only 1% after unlocking.
Post Coinbase added Ethena (ENA) to the listed roadmap for the first time in Beincrypto.