Summary
- Upbit announced the listing of Ethena's ENA token, immediately sending the ENA price up 20%.
- ENA will be listed on Upbit's KRW, Tether, and Bitcoin markets.
- The Ethena Protocol is experiencing rapid growth, with total network revenue hitting $290.2 million.
Immediately after the announcement by the South Korean cryptocurrency exchange Upbit that it would list Ethena (ENA), the price of ENA surged by 20%.
On the 11th (local time), crypto-specialized media BeInCrypto reported, "Right after Upbit announced it would list ENA on its KRW, Tether, and Bitcoin markets today, the price of ENA jumped 19%." The ENA price is now trading at $0.3512 on the Binance USDT market, up 20.36% from the previous day.
The media added, "As of the 9th, Ethena Protocol recorded a total network revenue of $290.2 million and is growing at the fastest rate after major global stablecoin issuers such as Tether."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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