Ethena Price Drops as Binance Hacker Sells $33.93M in ENA Tokens
Ethena's price declined after a Binance hacker liquidated $33.93 million in ENA, causing market pressure.
Ethena's price declined after a Binance hacker liquidated $33.93 million in ENA, causing market pressure. Ethena (ENA) is trading at $0.1947, up 4.2% since this brief published. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Fri, 30 Oct 2026 15:15:03 UTC.
The significant sell-off by the hacker introduces sudden liquidity and potential volatility into Ethena's market, affecting investor sentiment and token stability.
- Binance hacker sold $33.93M in ENA tokens, causing price decline.
- Ethena's TVL remains high at $5.02B despite 1.5% weekly drop.
- Market-wide downturn amplifies impact of the sell-off.
- Binance Hacker Initiates Large-Scale Sell-Off of PEPE and UNI Tokens
- Ethena Confirms USDe Collateral Safety Amid Binance Incident
- Ethena Price Drops as Binance Hacker Sells $33.93M in ENA Tokens — this brief
On October 30, 
Ethena (ENA) experienced a sharp price decline after a Binance hacker sold approximately $33.93 million worth of ENA tokens. This significant liquidation event introduced substantial selling pressure on the token, contributing to its 9.64% drop over the past 24 hours.
Despite the sell-off, Ethena's Total Value Locked (TVL) remains robust at $5.02 billion, according to DeFiLlama, showing a relatively modest 1.5% decrease over the past week. This suggests that the core utility and investor confidence in the platform have not been severely impacted.
Santiment data, as reported by Crypto.news, indicates that the USDe stablecoin supply saw limited movement during the sell-off, implying that the broader Ethena ecosystem may be less affected than the token's price action suggests.
The broader crypto market is also experiencing a downturn, with 
Bitcoin down 4.27% in the last 24 hours and the total crypto market cap falling to $2.65 trillion. The overall market sentiment, as measured by the Fear & Greed Index, remains in 'Fear' territory at 30.
The hacker-induced sell-off has highlighted the vulnerability of tokens to sudden liquidity events. Investors will be watching for stabilization in ENA's price and any potential recovery as the market digests the impact of the large sale.
Since this brief published about 2 hours ago, Ethena (ENA) has moved from $0.1869 to $0.1947 — +4.21%, a notable move.
The chart plots ENA's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ENA ≈ ₦267.77 (about $0.1947), down 8.1% over 24 hours. The naira itself trades about 2.1% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 30, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ethena Price Drops as Binance Hacker Sells $33.93M in ENA To — questions & answers
How much ENA did the Binance hacker sell?
The hacker sold approximately $33.93 million worth of ENA tokens.
What is Ethena's current TVL?
Ethena's TVL is $5.02 billion, down 1.5% over the past week.
How has the broader market impacted Ethena's price?
The overall market downturn, with Bitcoin down 4.27%, has likely amplified the impact of the hacker-induced sell-off on Ethena's price.
How much is 1 Ethena worth in naira today?
About ₦267.77 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.1947. The naira price moves with both ENA's US-dollar price and the USDT/NGN rate; use our Ethena in naira page for any amount.
Has Ethena's price moved since this brief was published?
ENA is up 4.21% since this brief first published — trading at $0.1947 now versus $0.1869 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.