Coinbase has officially added Ethena’s native token, ENA, to its listing roadmap, sparking a brief 8% price increase during early Tuesday trading in Asia.
The announcement, shared on X, included the token’s ERC-20 address but clarified that actual trading won’t begin until technical requirements and market-making support are in place.
Coinbase emphasized that deposits made before an official listing could result in lost funds. ENA now appears alongside QCAD on the roadmap, though the list remains subject to change.
Following the news, ENA briefly surged from $0.312 to $0.338 before settling at $0.333.
Trading volume soared to $254 million in 24 hours—up 91.7%—reflecting increased investor activity. However, the token’s gains were modest compared to other recently added assets.
The announcement also coincided with the unlocking of over 40 million ENA tokens, worth around $12 million. Despite fears of a sell-off, the token only dipped 1%, showing surprising stability.
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