Coinbase Embraces Ethena (ENA): The Price’s Tepid Cheers! 🚀🤡

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Coinbase Embraces Ethena (ENA): The Price’s Tepid Cheers! 🚀🤡

Oh, the mighty Coinbase, the titan of exchanges, has begrudgingly decided to add Ethena’s ENA to its list. Yes, folks, the big leagues now include this token—just like inviting a whistling street musician to the opera.

And what happened? A modest 8.6% jump in ENA’s price during the early Asian hours. Small victory, or just a gust of wind? Who’s to say. Probably just some traders with too much caffeine and not enough sense.

Coinbase Adds ENA To Its List, Because Why Not?

In a move that’s as exciting as watching paint dry, Coinbase Assets announced via the marvel of modern technology called X (formerly Twitter): “Assets added to the roadmap today: Ethena (ENA).” Bravo!🎉

They kindly informed us that trading ENA isn’t quite ready—cue dramatic music—yet. Market-making support and technical infrastructure must be built, like an ancient fortress, brick by brick. Once these essentials are in place, expect a formal announcement—unless they forget, in which case, we’ll all be left waiting with bated breath and empty wallets.

“Transfers and trading are not supported for these or any other assets until a listing is officially announced. Depositing these assets into your Coinbase account before an official announcement may lead to permanent loss of funds,” the exchange cautions. Because nothing screams safety like gambling with your hard-earned money.

After the news, ENA decided to wear its lucky hat and jumped from $0.312 to $0.338. A proud 8.6% surge! Well, that was short-lived. Now it’s down to $0.329—such resilience, much wow.

The volume? Oh, just a casual $254 million in 24 hours, up 91.7%. Investors? Petroleum-fueled and as unpredictable as a cat on a hot tin roof. Activity peaks, but the gains, ah, they are modest—like a handshake from a grumpy old man compared to the boisterous slap on the back of other tokens like CLANKER, DOGINME, and FAI who got the fireworks.

Coinbase’s timing was impeccable, as Monday saw over 40 million ENA tokens—around $12 million—unlocked. A potential sell-off looming? Nope! The token simply held steady, only dropping a meager 1%. Like a tightrope walker with too much coffee.

In the end, it’s just another chapter in the ongoing saga of hype, waiting, and hope—a story as old as the hills, with a sprinkle of sarcasm and a dash of humor. Who said the crypto circus isn’t entertaining?

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2025-06-03 07:56